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Jamal
Jamal is a 22-year-old single man. He has worked as a crane driver for the past three years, until he got his own crane in 2012. This is Jamal's second loan cycle as an Al Majmoua borrower; his previous loan helped him a lot in starting his own business. Today he is applying for a YOUTH loan from Kiva's partner Al Majmoua in order to perform necessary maintenance on his crane and to continue building his house.

Jamal did not face any obstacles when he started his business, because he had previous relationships with a lot of people he had met before. He hopes that he will be able to buy more cranes in the future.

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

  • $5,900
    Average annual income
  • 76
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Jamal to pay for necessary maintenance on his crane.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015