Maarouf quit school during the intermediate stages to start working as house painter to support his family in their living. Six years ago, Maarouf discovered that the camp he is living in needs a special teenagers and men clothes selling shop. Thus, for this reason he established his current shop, and is developing in a well managed way as an additional income business that goes parallel with his painting profession.
Maarouf is acquiring a youth loan from Kiva's field partner Al Majmoua. This loan will enable him to increase his business merchandise with a newly released summer collection, especially before the celebrations occurring during the holy month of Ramadan.
He hopes to expand his business widely and respond to most of his customers needs.
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 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.
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Success!! The loan was 100% repaid