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Raydan
Raydan is a 20-year-old single man who established, a year ago, his own mobile sales shop to improve his living conditions and increase his income. Raydan is a hard worker who is well known in his region with his hard work and special talent in his domain. Many of his customers are neighbors, relatives and friends who support him a lot to expand his work sector, and he wants to better respond to their needs.

Raydan is acquiring a YOUTH loan from Kiva partner Al Majmoua in order to increase his business merchandise with new mobile phone accessories and prepaid cards. He is very sure that this loan will improve his income and will reply to many of his customers' needs.

Raydan is working hard to expand his work sector, through increasing his business capital and starting wholesale trade in the near future.

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.

About Lebanon

  • $5,900
    Average annual income
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Raydan to increase his business merchandise with new mobile phone accessories and prepaid cards.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014