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Youssef
Youssef is a 20-year-old, single man who has been working as an electrician for three years. He is a hard worker who puts so much effort into developing his work and his living because he is responsible for the lives of three members of his family. Youssef is well-known for his hard work and special talents in his domain, which he always works on developing, to make sure that he can support his family's living and develop his business.

Youssef is acquiring a youth loan from Kiva partner, Al Majmoua Lebanese Association for Development, to buy the necessary tools and equipment for a project he is working on.

He hopes to expand his working zone and cover neighboring villages, to expand his business as much as he can.

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
  • 86
    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 $1,500 helped Youssef to buy the necessary tools and equipment for a project he is working on.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014