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Husein
Husein is a 30-year-old divorced father of one child, who has been working in providing hooka services for the past ten months. Husein used to run an electronic household appliances business, but he preferred to shift to a daily requested service which will provide him with a daily income.
Husein is responsible for providing for three other members of his family, that's why he has to make sure that his business is developing properly.
Husein is acquiring a YOUTH loan from Kiva partner Al Majmoua, to increase his business merchandise and capital through buying a large quantity of charcoal that he will use in his business and will start selling them for customers upon request.
He is working hard on starting his wholesale charcoal trade and opening his own warehouse specialized for this business.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Husein to increase his business merchandise and capital through buying a large quantity of charcoal that he will use in his business and will start selling them for customers upon request.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Dec 6, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015