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Elie
Elie is a 28-year-old single man and the sole earner out of six in his family. Elie has been refinishing furniture for 11 years, and his bosses often remark on his reliability and excellent quality of work. He has a steady income, but it is just enough to cover all the increasing demands of his family.

Elie is an ambitious man who believes in taking advantage of every opportunity in life. He acquired a YOUTH loan from Kiva’s field partner Al Majmoua in order to purchase the equipment he needs to open a workshop of his own. Elie has the experience and vision to succeed, and he looks forward to opening up his shop 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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,205,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Elie to purchase the equipment he needs to open a workshop of his own.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 29, 2014
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2015