Raed is a friendly and kind young man. He’s 24 years old. He’s single, living with his parents and one working sibling. A few years ago, Raed started to manage the family expenses supporting his father. And since he noticed that his income did not satisfy their needs, he decided to launch a clothing business with the small amount of money he already had. He sells a wide variety of men's clothes, from which he earns a fair amount of money daily. To better develop his work, he’s requesting a youth loan from Kiva partner Ameen s.a.l. He will use the loan to buy more merchandise for his business, such as pants, t-shirts and other items. This will allow him to offer a greater variety of products and thus improve his income. Raed wishes to open other branches as soon as possible.
More information about this loan
This loan is helping support a borrower who is 30 or under. 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.
Due to political and social challenges in Lebanon, personally identifiable attributes entrepreneurs may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.