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Youssef
Youssef is a 30-year-old single Palestinian refugee, who has been working since 2009 in selling prepaid mobile phone cards in the Palestinian camp where he lives. Youssef is suffering from limited work opportunities Palestinian refugees face. That is why he found himself stuck in his current business that he is working hard to develop so that he can start a new life, make a beautiful family, and cover their needs.

Youssef is acquiring a YOUTH loan from Kiva partner, Al Majmoua, to increase his business capital through buying prepaid mobile phone cards that will increase his business capital and will automatically increase his income. He is working hard so that in the future he can open a mobile sales shop where he will sell newly released mobiles, used phones, accessories and prepaid cards. He also plans to provide maintenance services.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Youssef to increase his business capital through buying prepaid mobile phone cards that will automatically increase his income.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 15, 2013
Currency Exchange Loss:
N/A
Expired:
Feb 13, 2014