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Hamza
Hamza is a 25-year-old single man who is responsible for earning the living of two members of his family. He works selling car spare parts such as car lights, mirrors and many other requested items. He is working hard to keep his business updated and capable of meeting to most of his customers' needs.

Hamza is acquiring a YOUTH loan from Kiva partner Al Majmoua to increase his business merchandise with newly released audio systems which are requested by most of his customers. He is sure that they will increase his income and develop his business.

Hamza is well known in his region with his good reputation and hard work. He is working hard to develop his business as much as he can to make sure that he can meet most of his customers' and his family's needs.

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
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,000 helped Hamza to increase his business merchandise with newly released audio systems.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 22, 2013
Currency Exchange Loss:
N/A
Expired:
Jan 21, 2014