Eyad is a Palestinian refugee who was born and lives in Lebanon. He is a hard worker who is living and working in a Palestinian camp. Working in a camp is a big challenge, since any business is limited by the same number of customers. So he has to be creative to increase his income and develop his living.
For this reason, and through Eyad's previously acquired loans from Kiva partner Al Majmoua, he established an additional business which targets different types of customers. He opened an Internet cafe, and it is going on just fine.
Today, Eyad is acquiring a YOUTH loan from Kiva partner, Al Majmoua. He will use this to increase his business merchandise with a special released spring collection with special encouraging prices. This will attract more customers and develop his business.
Eyad hopes that he'll stay capable of expanding his businesses, increasing his income, and developing his family's socioeconomic situation.
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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