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Moustafa
Moustafa is a 25-year-old married father of two. He has been working as a barber for fourteen years. He had to quit school and start working early to help his parents, because they couldn't afford to pay for his education fees.

He is a hard worker who is putting much effort into financially supporting his family and improving their living conditions. His childhood wasn't like any child dreams about, which is why he works hard to keep his beloved children from experiencing the same.

Moustafa started his own business in 2001, opening his own barber shop to develop his and his family's socioeconomic situation. He is well known in his region with his good reputation and the hard work he puts in to develop his work and please his family's and customers' needs.

He is acquiring a YOUTH loan from Kiva partner, Al Majmoua, to buy a car, which he will use to expand his working zone and services. He will use this car to serve his customers in a better way by providing them haircuts at their homes or businesses upon request. Through developing his career, he is working hard to make his dream come true, which is to provide his children the best life and the best education ever.

He hopes that in the future he will be capable of buying his own shop instead of spending money on rent expenses.

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
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Moustafa to buy a car which he will use to increase his working services.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014