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Hamza
Hamza is a 24-year-old single man who has been working in transportation since a year ago. He is well known in his region for his good reputation and manners. He works on providing transportation services to his region’s citizens, to and from schools and businesses among nearby villages.

Hamza is applying for a YOUTH loan from Kiva's partner Al Majmoua in order to do necessary maintenance on his van's body.

This loan will improve his business, will attract more customers to a newly shaped van, and will please his present customers.

He is excited about this loan; he will start taking touristic visits around Lebanon, but as he states, the van has to look good to take certain tours abroad. He hopes to keep on improving his business as much as he can in a well managed way.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Hamza to do necessary body work on his van.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 5, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014