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Mounir is a 26-year-old single man and the owner of an accessories shop since 2008. Mounir is very happy with his business, because he enjoys the variety of products that he serves in his shop to please his customers. He sells perfumes, beauty creams and cosmetics in addition to good quality accessories.

Mounir has expanded his business a lot in order to keep his customers satisfied. He applied for a YOUTH LOAN from Kiva partner Al Majmoua, in order to support his business with a new accessories collection.

This is his first time applying for a loan, but he is very excited that it will respond to his customers' needs and will increase his capital. Mounir hopes to start a wholesale trade in the future and to expand his working region.

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.

About Lebanon

  • $15,800
    Average annual income
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $19,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mounir to support his business with a new accessories collection.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 29, 2012
Jul 26, 2012
Currency Exchange Loss:
May 17, 2013