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.
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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