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Khaled
Khaled is a 29-year-old married father of two children who has been selling clothes for fifteen years. He is a hard worker who puts much effort into improving his business to remain able to meet his family’s and customers’ needs. His business is mobile, since he moves his merchandise from one market to another.

Khaled needs to improve his business through increasing his merchandise with a newly released autumn and winter collection which he’ll buy at very competitive prices.

For this reason, he is acquiring a YOUTH loan from Kiva partner Al Majmoua, and will work hard to keep on developing his business to keep his customers pleased. In the future, Khaled is hoping to open a wholesale and retail clothes selling shop to settle down in one official place.

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
  • 76
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Khaled to buy a collection of newly released autumn and winter clothes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2013
Listed
Oct 14, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015