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Hussein
Hussein is a 27-year-old single man who has worked as a barber for 12 years. He is his family’s sole breadwinner. He is responsible for the living expenses of three members of his family. For this reason, he works hard and puts substantial effort into continuing to improve his business.

In April 2012, he opened his current shop and is working hard to develop it. Because his income is low compared to his high expenses, Hussein can’t save enough cash to improve and develop his business. For this reason, he is acquiring a youth loan from Kiva partner Al Majmoua to increase his business capital with special gels, beauty supplies and necessary tools for developing his business.

He hopes that, through this loan, he will be able to increase his income which will help him to expand his workplace.

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

  • $15,800
    Average annual income
  • 65
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,000 helped Hussein to increase his business capital with special gels, beauty supplies and necessary tools for developing his business.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
N/A
Expired:
Nov 9, 2013