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Hassan is a 21-year-old single man. He opened an Internet cafe in September 2011, with 8 years of experience in this field. He also sells mobile phones, phone, accessories, and prepaid cards. Hassan is a hard worker. Before starting his own business, he used to work in a hotel, but ever-ambitious, he insisted on making his own business plans.

Hassan is applying for a youth loan from Kiva's partner Al Majmoua so that he can open a shoe shop and finish paying off the computers. He wants to open the shoe shop as an additional business, to increase his income and improve his standard of living. This is his first time as an Al Majmoua borrower and he is very excited to take this step forward.

Hassan hopes to keep on starting new businesses, and to make a beautiful small family of his own.

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
  • 53
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hassan to open a shoe shop.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Aug 31, 2012
Sep 14, 2012
Currency Exchange Loss:
Nov 18, 2014