Three of his children are enrolled in public schools, while his oldest son studies at a private technical school. Youssef can barely provide for the food expenses of the family, which means that any other additional expense is a burden.
Thus, he decided to contact Al Majmoua and acquire a loan in order to settle the tuition fees of his son, Ahmad, who was born in 1995 and is in his last academic year studying computer science, on top of maintaining the family car. As for the future, Youssef hopes to launch his own concrete business and become the owner of it.
More information about this loan
This loan is part of Al Majmoua's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to higher education. By supporting this loan, you're enabling access to education for students with limited options.
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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