Maysa supports her husband, who works at fixing car flat tires, in their family's financial situation. She works as a hairdresser from her house, and at the same time she works for a hospital in the cleaning department to insure an extra income source for any sudden family need.
Maysa is applying for a Youth loan from Kiva's partner Al Majmoua to buy special hair treatment products and tools. She hopes that one day she will be capable of expanding her own business by opening a separate beauty salon and stop the cleaning work, so she can split her time between her own business and family equally.
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 DevelopmentThe 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.
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