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Youssef
Youssef is a 29-year-old married Palestinian refugee and the father of two children. He has been working in the metal hardware business since 10 years ago. This is his only source for living, and he has to work hard to develop it.

Youssef lives in a Palestinian camp. He works in buying and selling used metals to be melted and sold as raw materials.

This business is very good but needs a high amount of capital to improve and develop it; that's why he is acquiring a youth loan from Kiva partner Al Majmoua: to increase his business capital through increasing his amount of metal stock.

Youssef is happy with his business level in the meantime, and he is working hard to expand it in the future, through renting or buying a wide land to spread his metals according to quality, and to keep his customers capable of seeing what they need in a better way.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Youssef to increase his business capital through increasing his amount of metals stock.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014