He trades and sells sheep for a living, as well as sheep cheese, milk and wool. His wife is a housewife and is currently unemployed, which means that his small business is the family's only financial resource.
He graduated from a vocational school. In order to establish a family and have children, he believes that he should expand his small business and enlarge the farm.
Thus, he contacted Al Majmoua in order to acquire a YOUTH loan and purchase sheep, nurture them and then sell them in order to raise revenue. This might help him settle down and open up a bigger farm.
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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Success!! The loan was 100% repaid