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Aalaa
Aalaa is a 25-year-old single man, who has been working as a car mechanic and electrician for ten years. Aalaa was only fifteen years old when he started working to make his own living, and to provide his family with an additional income.

In 2010, Aalaa opened his own maintenance shop, to increase his income and improve his living. His business is developing well, because of his good reputation and long experience.

Aalaa is planning to make a small family of his own, but he can't afford to pay his wedding fees from his business, because he has already used some of his business capital for his house and its improvements. That is why he is applying for a YOUTH LOAN from Kiva's partner Al Majmoua, in order to pay for his wedding fees, and to keeping his business capable of supporting itself in a well managed way.

He wants to keep on developing his business as much as he can, to be sure that none of his future children will face what he faced during his childhood. He will make sure that they will get the best education ever, which has always been a dream for him.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $15,800
    Average annual income
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,078,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Aalaa to pay for his wedding fees.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014