Jalal is well known in his region and has a good reputation for the hard work he has done to develop his living standards and his business with the aim of improving his socioeconomic situation. Four years ago, he opened his own internet cafe, where most of the camps' teenagers and citizens come and spend a joyful time with each other, since it is a major sector for entertainment in a place that lacks such similar things.
Jalal is a acquiring a Youth loan from Kiva partner Al Majmoua, to do the necessary maintenance on his business equipment, to keep his business up to date. He'll also use part of the loan to do necessary maintenance on his car, which he uses to buy requested equipment from outside the camp and the nearby villages.
He hopes that in the future, he'll be capable of opening a wider business outside the camp and attracting more customers.
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 DevelopmentThe 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.
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Success!! The loan was 100% repaid