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Husein
Husein is a 25 year-old, single man, who has worked in agriculture for two years. He has a tractor which he uses for ploughing agricultural land. His business is in high demand in his region since most of his regional citizens work in agriculture and request a fast service, which he can provide. He also sells water to irrigate the land with the help of a small container attached to his tractor.

Husein is applying for a Youth loan from Kiva's partner Al Majmoua, in order to change his tractor's tyres, because it is very important to have them in good shape to do his work easily.

In the future, he hopes to be able to buy all the necessary agricultural tools to reply to any special request from local farmers.

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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,848,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Husein to change his tractor's tyres.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014