Check out some available loans that are similar to this one!
Husein
Husein is a 24-year-old single man, living at his parents' house with six family members to take care of. He is the owner of a carpentry workshop in his area, and he has been working in this domain for two and a half years now. He is the major financial source of the family and the sole breadwinner of the entire family. This means that they all rely heavily on him to provide food, shelter and other needs.

He contacted Al Majmoua hoping to apply for a YOUTH loan that would alleviate his burdens. He needs to purchase necessary requested wood to develop his business. He is the only member of the family who is able to pay off the loan. As for his future career plans, Hussein hopes to expand the business he is doing.

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
  • 23
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    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 necessary requested wood to develop his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Aug 4, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014