He is applying for a YOUTH LOAN from Kiva's partner Al Majmoua, in order to buy a special car scanner necessary to his business, and to fix the floor next to his shop.
Rabih is a hard worker, who puts so much effort on improving and developing his business in a well managed way.
Rabih has been an Al Majmoua borrower for two consecutive cycles, his previous loan as he describes helped him a lot. He was able to put a big tent in front of the shop and expanded his working area to facilitate his work.
In addition to his mechanical work, he also sells spare parts and used engines to make more profit and increase his income.
He hopes to move to a bigger place in the future and expects more customers.
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