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Abed Al Nasser
Abed Al Nasser is a 26-year-old engaged man, the sole breadwinner for five other members of his family. He has been employed in a wholesale lingerie business for four years, and it is going on just fine. But his family's needs are increasing and his limited income can't cover everything and help him start and develop his own business at the same time these days, due to several social and political changes in his region.

That's why he is acquiring a Youth loan from Kiva's field partner Al Majmoua to buy necessary electronics and closets he needs for his house which he is preparing to move to when he gets married soon.

He hopes to afford the necessary money to start his own business soon.

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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    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 Abed Al Nasser to buy necessary electronics and closets he needs for his house.
66% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
N/A