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Husein
Husein is a 23-year-old single man who has worked as a barber since 2008. He was only 15 years old when he started working in this domain to support his parents and their living conditions. He learned how to be barber through a college he attended to make his career more efficient and creative.

Husein is acquiring a youth loan from Kiva partner Al Majmoua to buy a Renault Rapid car that will help him a lot in developing his living through starting an additional income business that has to do with fulfilling barber needs in the region.

This additional business will provide him with a good income and will develop his social relationships in the region, which will improve his 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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,090,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Husein to buy a Renault Rapid car to start an additional business to fulfill barber needs in the region.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2014
Listed
Feb 6, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015