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Taleb
Taleb is a 30-year-old single man, responsible for the well-being of three members of his family. He has worked as a car mechanic for 17 years. His work is going on just fine, but his family's increasing needs force him to start an additional income-generating business.

Today, Taleb is acquiring a youth loan from Kiva partner Al Majmoua, to buy a car that he'll fix and sell as a new source of income. He hopes that he will expand his business one day, and open new branches in the region.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,000 helped Taleb to buy a car that he'll fix and sell.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 13, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 13, 2013