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Eddy is a 21-year-old single man who has been working as an electrician since 2009. He is well known in the region with his special talent and good quality of work. Eddy is applying for a YOUTH LOAN from Kiva partner Al Majmoua in order to pay for his engagement expenses. He is very anxious to take this step forward and hopes it will be a good luck sign for future improvements and developments.

This is Eddy's second cycle as an Al Majmoua borrower and he has a good standing repayment history. His previous loan helped him greatly to increase his tools and income at the same time. Eddy is willing to keep on improving his business and to open a special electrician services company in the future.

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 $1,000 helped Eddy to pay for his engagement expenses.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Nov 20, 2012
Dec 18, 2012
Currency Exchange Loss:
Aug 17, 2013