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Oussama
Oussama is a 28-year-old single man who has been tailoring and selling curtains since 2008. At the beginning Oussama had a few problems because he didn't have enough experience in this field, but today he is very skilled. A hard worker with a very good reputation, he puts much effort into developing his business based upon customer need.



Oussama is requesting a Youth loan from Kiva's partner Al Majmoua in order to increase his merchandise with special released summer designs and necessary accessories. He is planning to expand his business and increase his number of employees to meet growing customer demand.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Oussama to increase his business merchandise with special summer designs and necessary accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014