Since four years ago, Mohamad Yehia has been employed in a company where he is responsible for clearing all of the company's transactions.
He also runs a convenience store where he is a partner with his father. Mohamad Yehia is acquiring a YOUTH loan from Kiva partner, Al Majmoua, to buy necessary display refrigerators for his shop to start selling dairy products and diversify his items, which will increase his income and develop his livelihood.
He will also use part of the loan to increase his business merchandise with special product offers that will attract customers' attention and increase his selling.
He hopes that in the future he can open another branch and cover a wider region.
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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