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Husein
Husein is a 29-year-old, married man who established his own barber shop to start developing his career path ten years ago. Prior to owning his own shop he was employed for five consecutive years in this domain to acquire special talents and customers' trust. Husein left school during elementary, thus for this reason he had to work early to acquire a profession that will help him make his living. Husein is acquiring a YOUTH loan from Kiva's field partner Al Majmoua in order to decorate his shop to attract new customers and develop his business. This will be his second loan cycle; his previous loan was invested to pay for his wedding expenses. He hopes to keep on developing his business through updating his talents and workplace upon customers' requests.

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
  • 33
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $2,000 helped Husein to decorate his shop to attract new customers and develop his business.
80% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jun 30, 2014
Currency Exchange Loss:
N/A