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Achraf is a 27-year-old single man. He has been employed by a wedding planning company for nine years. He is working hard to develop his skills and start his own business. He specializes in the wedding Zaffeh, a traditional Lebanese dance specialized for weddings, which takes place at the beginning of each wedding when the groom comes and take the bride from her parent's house and then they both arrive at the hotel and restaurant as an entry dance. He is very talented in his domain with a very good reputation. Today he is acquiring a loan from Kiva partner Al Majmoua to buy a car so that he can move from one wedding to another in a better and faster way. Because this is a low income business, Achraf is also a police officer in his region and he is working hard to start his own well-developed business which will develop 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.

About Lebanon

  • $15,800
    Average annual income
  • 129
    View loans »
    Lebanon Loans Fundraising
  • $16,664,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Achraf to buy a car to use in his wedding planning business.
94% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Feb 24, 2014
Mar 25, 2014
Currency Exchange Loss: