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Husein
Husein is a 21-year-old single man who has been making furniture since eight years ago in order to support his six other family members, for whom he is responsible.

He was only 13 years old when he quit his intermediate class and started working for his own and his family's living. Husein has a very good reputation and special talent in his specialty, painting furniture.

Today, he is applying for a youth loan from Kiva's partner Al Majmoua to buy new tools for his business. These tools will help him to develop his business and finish requested work in a short period of time and with excellent quality.

He hopes to keep on developing his work and expanding his business to keep his family members and customers satisfied.

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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Husein to buy new tools for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014