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Oussama
Oussama is a 26-year-old single Palestinian refugee who spent almost all of his life living and working in a Palestinian camp just like almost all of the Palestinians living in Lebanon with limited access to several living and working domains. Oussama has thirteen years of experience in his current domain, since he had to quit school and work hard to support his parents in their living. Oussama has a small fuel station inside the camp where he provides the citizens with the fuel and diesel which they request a lot during the winter season since they depend on it for getting warm.

Thus, Oussama is acquiring a YOUTH loan from Kiva partner Al Majmou, to increase his business merchandise with big quantities of diesel which is highly requested during this season by the customers to warm up since they face a very cold winter season in his region. This will be Oussama's sixth cycle as Al Majmoua borrower. Through his previous loans, he established a car wash section which he is also working hard to develop properly. Oussama hopes to develop his station and become capable of opening another branch outside the camp which will sure increase his income and enhance his living.

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
  • 80
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,500 helped Oussama to increase his business merchandise with big quantities of diesel which is highly requested during this season by the customers to warm up since they face a very cold winter season in his region.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
N/A
Expired:
Feb 20, 2014