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Samir
Samir is a 29-year-old married father of one child. A year ago he established his own cafe, offering several hooka flavors and services in addition to tasty coffee.
Samir has 13 years of experience in this domain which he started after quitting school during the elementary stages to support his family.
This long experience provided him with special talents which he uses to attract loyal customers. He is developing his business by diversifying his services.
Today, Samir is acquiring a youth loan from Kiva's field partner Al Majmoua to increase his business merchandise with a new hooka collection with popular special flavors. He also will use the loan to buy charcoal and other cafe needs.
He hopes that in the future, he can expand his working place or move to a larger one and increase his services.

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

  • $15,800
    Average annual income
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Samir to increase his business merchandise with a new hooka collection and also to buy charcoal and other cafe needs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015