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Youssef
Youssef is a 35-year-old married man who has been working in vehicle repairs, specializing in body work, for 16 years.

Youssef is starting an additional income business to improve his family's living and make sure that he can achieve a secured and stable future income business.

Today, he is acquiring a loan from Kiva partner Al Majmoua to pay off the purchase of a small bus he is buying to start an additional business in the transportation sector.

He hopes that he can develop this new business into a tourist company in the future.

Additional Information

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Youssef to pay off the purchase of a small bus he is buying to start an additional business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2014
Listed
Feb 10, 2014
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2015