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Husein
Husein is a 23-year-old single man who has been working as a barber for nine years. He was only 14 years old when he started working as a barber to financially support his beloved family.

In 2009, Husein established his own business and started developing it gradually to fit customer's needs and requests. Today, Husein has a good base of work, and he is working hard to develop and expand it properly by developing his talents, and providing his customers with the best services requested.

Husein is acquiring a YOUTH loan from Kiva partner Al Majmoua to continue making necessary maintenance to his parents' house to keep it a healthy living place for his beloved family members.

He is anxiously looking forward to his dream of finishing the building of his dream house in order to get married and make his own small family.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 112
    View loans »
    Lebanon Loans Fundraising
  • $15,368,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Husein to continue making necessary maintenance to his parents' house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2014
Listed
Mar 18, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015