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Hassan
Hassan is a 30-year-old married man and the father of four children. He has been working as a blacksmith since 2000. In 2008 he opened his own business to increase his income and improve his family's living standards. His wife doesn't work. She takes good care of her family members and makes sure that they are all getting what they need. She puts so much effort into educating them properly.

Hassan is developing his business gradually. To make sure that he finishes his work requests on time, he is applying for a YOUTH loan from Kiva's partner Al Majmoua, to buy a power generator that will make his work easier, since they have a major electricity problem in his area and he needs it to finish his work.

This will be his second cycle as an Al Majmoua borrower, with a good standing paying back history. He hopes to keep on expanding his business as much as he can to provide his family with their necessary needs.

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
  • 139
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Hassan to buy a power generator necessary for his business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014