Just like almost all of the Palestinians living in Lebanon, Jihad has a limited access to several working domains and sectors. Jihad has been working in construction since four years ago. He specializes in pasting floor tiles. His uncle provided him with the necessary experience to move forward with his domain.
He used to work as a nurse, but his low income forced him to move forward towards starting his own business, which he works hard to develop and improve.
He is acquiring a Youth loan from Kiva's partner, Al Majmoua, to buy new tools and machines necessary for developing his business. He will buy a power engine and a special tiles' cutting machine to make his work easier and faster.
Jihad hopes to keep on expanding his business more and more to provide his family with a better living.
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