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Jack
Jack is a 24-year-old single man who is the sole breadwinner for three members of his family. He has been running his door selling business since 2011, with four years of experience in his domain.

Jack is a hard worker who specializes in selling internal and external doors with special qualities and encouraging prices. He used to work as a sales person in the same domain, but his ambitions are beyond being just an employee. As a result, he established his own business and he is working hard to develop it as much as he can.

Today, Jack is acquiring a YOUTH loan from Kiva partner, Al Majmoua, to buy newly released items with special, encouraging prices that he couldn't have without the acquired loan.

He hopes to expand his business and partner with many existing construction companies that will help him develop his business widely.

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Jack to buy new released items with special encouraging prices that he can't to have without the acquired loan.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Dec 15, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015