Wissam is a very talented person in his field, and is recommended by most of his customers. He is working on developing and expanding his own business, instead of being employed by someone else. For this reason, he is acquiring a YOUTH loan from Kiva's field partner Al Majmoua, to buy necessary newly released tools and machinery that are highly requested for his business development.
He is very anxious about this loan, since it is his first experience as an Al Majmoua borrower. He will work hard, and with his future expected profits, he will expand his working region by recruiting others to help him in replying to increasing customers' needs, and increasing his tools.
At the beginning, he had obstacles in developing his career, because he had no car to make his transportation easier. But today everything is becoming easier and solved in a well managed way. He hopes to open his own company in the future.
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 DevelopmentThe 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.
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Success!! The loan was 100% repaid