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Khaled
Khaled is a 26-year-old married man living in a small Lebanese town. He has worked at selling hookahs and their accessories, such as charcoal, for six years. It is his source of financial support, since his wife is unemployed. In order to be able to settle down and start thinking about having children, Khaled needs to increase his income.

Thus he decided to contact Al Majmoua and acquire a YOUTH loan that would support him in purchasing new hookahs and and hookah accessories. As for the future, Khaled wishes to further expand his business.

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
  • 70
    View loans »
    Lebanon Loans Fundraising
  • $15,606,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Khaled to purchase new hookahs and hookah accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 18, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014