Hassan applied for a youth loan from Kiva partner, Al Majmoua, in order to do the necessary the maintenence on his tractor. This is Hassan's second cycle as an Al Majmoua borrower. His previous loan helped a lot in improving his business and social situation, and he also started building his future house with the additional income he got.
Today his loan will be invested in doing the necessary maintenance to his tractor, and he will surely continue building his house as much as he can.
Hassan hopes to keep on expanding both businesses as much as he can in the future.
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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