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Ayman
Ayman (pictured) is a 28-year-old married man who has been working in the transportation business since 2007. He has also been working in the agriculture business for twelve years.
Ayman is a hard worker who is acquiring a loan from Kiva's partner Al Majmoua to start a new business for his wife (not pictured for personal reasons) to improve their family's living conditions and increase their income. Through the acquired YOUTH loan from Kiva's partner Al Majmoua, he will help her open a used clothes selling shop before the coming Christmas and winter season needs.
This is his first cycle as an Al Majmoua borrower. He hopes that in the future, he can work on developing his wife's business more 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.

About Lebanon

  • $5,900
    Average annual income
  • 82
    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 $600 helped Ayman to start a used clothes selling business for his wife to improve their family's living conditions and increase their income.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014