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Bahaa
Bahaa is a 30-year-old young adult living in a small village in Mount Lebanon.

He is an employee in a statistics department and has been working there for five years now. He also happens to own a small studio, where he makes his own music and composes music for Lebanese artists.

As an ambitious person, Bahaa wishes to develop his musical career and gain a good reputation. However, as a first step, he needs to enhance his current studio, which is why he decided to contact Al Majmoua and acquire a YOUTH loan. In fact, he would use this loan to purchase a new sound system that is up to date with the latest technology for better results.

As for the future, Bahaa wishes to completely dedicate himself to his studio, which is why he believes that he should completely renovate it, with the help of Al Majmoua, of course.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Bahaa to purchase a new sound system that is up to date with the latest technology for better results.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014