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Youssef
Youssef is a 39-year-old married father of two children who are enrolled in a private school. He has worked in performing necessary maintenance to washing machines, refrigerators, freezers and many other electric machines since fifteen years ago.

Youssef is a hard worker who provides his services to customers in several nearby regions to make sure he can increase his income and develop his family's living.

Today, Youssef is requesting a loan from Kiva's field partner Al Majmoua to pay for his children's increasing tuition fees, since his business income combined with his wife's can barely cover their family's needs.

Youssef hopes to stay capable of providing his children with the best education.

Additional Information

More information about this loan

This loan is part of Al Majmoua's efforts to finance school expenses such as books, stationary, transportation and fees for students whose families have low incomes. Funds can be used for partial or complete payment of school expenses. By supporting this loan, you're enabling access to education for students with limited options.

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

  • $5,900
    Average annual income
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $14,789,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Youssef to pay for his children's school costs.
75% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2014
Listed
May 27, 2014
Currency Exchange Loss:
N/A