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Hassan
Hassan is a 22-year-old single man who is the sole breadwinner for two members of his family. Hassan has a mobile snack truck which he moves from one village to another to provide them with the special sandwiches he offers with a special taste and encouraging prices. He started this business in 2010, and he is developing it gradually in a well managed way to keep it attracting different types of customers.

Hassan has also been employed earlier in a company because he has to provide his family members with the necessary standard of living and their needs are increasing, so he decided to take this additional income business to make sure that he meets his family's requests.

Today he is acquiring a Youth loan from Kiva's partner Al Majmoua because he needs to buy the necessary raw materials to develop his business with special prices.

He hopes to keep on developing his business and will work hard to expand it by buying a wider car in the future and diversifying his products with a new released menu.

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
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    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 Hassan to buy the necessary raw materials he needs.
80% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2014
Listed
May 12, 2014
Currency Exchange Loss:
N/A