Majed has had a barber shop since 2007, with 10 years of experience in his domain. He quit school during his intermediate stages and turned to seek a good income business, which he established on his own seven years ago.
Today, Majed is well-known in his region. Through his acquired loan from Kiva's field partner Al Majmoua, he will make necessary maintenance to his shop with decoration, tiles and painting, in addition to renewing his business tools and machines to attract more customers.
He hopes to keep on developing his business in a well-managed way, and might move his shop to a better region.
More information about this loan
This loan helps Palestinian refugees living in Lebanon, specifically in refugee camps throughout the country. Palestinian refugee camps in Lebanon often have poor infrastructure and do not receive the same basic services as the rest of the country. Palestinian refugees have been marginalized by the Lebanese government and society, as they face many restrictions and discrimination in the work, educational, and health fields. By funding this loan, you are helping these marginalized individuals develop their businesses and provide for their families.
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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
131View loans »
Success!! The loan was 100% repaid