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Chadi
Chadi is a 29-year-old single man who has been making furniture for the past eleven years. In 2009, he established his current business and he is working hard to develop it as much as he can.

Chadi is acquiring a YOUTH loan from Kiva partner Al Majmoua, to increase his business merchandise with newly released textile items and to purchase a sponge necessary to improve the quality of products he manufactures.

He is well known for the high quality of his products, which he manufactures and sells. He is dreaming and working hard to, one day, open a wide showroom that will attract new customers and 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

  • $5,900
    Average annual income
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Chadi to increase his business merchandise with newly released textile items and to purchase a sponge necessary to improve the quality of products he manufactures.
86% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 3, 2014
Listed
Mar 6, 2014
Currency Exchange Loss:
N/A