Maya is getting prepared for her big day! That is, the day when she is going to start her own life and move forward with a brighter future. She is acquiring a Youth Loan from Kiva's partner, Al Majmoua, to buy necessary furniture and linens for her future house. She must finish buying these necessary things, since she is getting married soon.
This is her fifth loan cycle as an Al Majmoua borrower, and she has a paying back history in good standing. All her previous loans helped her a lot, in developing her socioeconomic situation and covering several urgent needs.
Maya is working hard on establishing her own business in the future. She will open a day care, because she adores dealing with babies.
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 DevelopmentThe 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.
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Success!! The loan was 100% repaid