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Husein
Husein is a 19-year-old single man who has worked as a house painter since 2006. Husein didn't have the chance to continue his education; he stopped attending school during his elementary education.

His family's financial situation forced him to start working so early and quitting school. Today he is a hard worker, well known in his region for his commitments and the special quality of work provided. He also has two employees who help him meet additional customer needs.

Husein is having slight problems in his business that has to do with transportation. So he is applying for a YOUTH loan from Kiva's partner Al Majmoua to buy a car (Renault Rapid or a small van) that will help him transport all his tools and his employees easily from one project they are working on to another.

This loan will help him facilitate his work a lot, making transportation easier and decreasing expenses.

As for Husein's future plans, he is working hard to stay capable of facing the wide competition around him by developing and providing special customer service.

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

  • $5,900
    Average annual income
  • 78
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Husein to buy a small car (Renault Rapid or small van) to facilitate his work.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014