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Nayef
Nayef is a 23-year-old single man who has been selling fruits and vegetables since 2004. He was only 14 years old when he started working, because just like almost all of the Palestinian refugees in Lebanon, they had no wide choices of education or businesses in Lebanon.

Nayef dreams of expanding his work and opening a big grocery store of his own in a very good commercial location.

Nayef is taking his first step forward towards business development, through an applied for YOUTH loan from Kiva's partner Al Majmoua, in order to buy a new additional carriage and increase his products diversity.

He hopes to open a wide wholesale fruits and vegetables market 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
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $15,270,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nayef to buy a new carriage and diversify his products.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014