His work is going on just fine, but he needs an extra external push to improve and develop his business. That is why Moustafa is applying for a YOUTH loan from Kiva partner Al Majmoua so he can update his business tools and machines and increase the number of his computers to increase his business income.
Moustafa is very excited for this loan and is investing a lot of hope in it because it is the only way for him to develop his work, especially since the Palestinians have limited access to jobs.
He hopes that one day he can move his business outside of the camp to improve his income and living.
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 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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Success!! The loan was 100% repaid