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Abbass
Abbass is a 21-year-old married father of one child, who has worked in transporting drinking water to houses and shops for five months.

He used to work in fixing car radiators but he preferred to switch to a daily-requested item which will provide him with a daily income, although he still fixes car radiators for his loyal customers. Abbass is now employed in a company where he transports water to offices and homes.

Abbass is acquiring a YOUTH loan from Kiva partner, Al Majmoua, in order to start his own drinking water selling business, which will improve his living and increase his income.

Abbass is dreaming of establishing and developing his own business which will help him in improving his family's socioeconomic situation.

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
  • 72
    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 $1,000 helped Abbass to start his own drinking water selling business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015