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Hadi
Hadi is a 28-year-old married father of one child, he has been working in selling men clothes since 2006. He is a hard worker with a very good reputation in his domain and region.

Most of his customers are neighbors, friends and relatives who support him a lot to develop his business and expand it.

Hadi is acquiring a youth loan from Kiva partner Al Majmoua to do necessary maintenance to his car, which he uses for his business. He needs it more during this time of the year while buying and transporting new winter and Christmas collections to satisfy his customers.

He hopes to keep on developing his business and serving more customers as much as he can.

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Hadi to do necessary maintenance to his car, which he needs for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2013
Listed
Dec 9, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014