He is always thinking of improving his living and increasing his income through different businesses. He is applying for a YOUTH LOAN from Kiva partner, Al Majmoua, in order to start an additional business, and to support his own grocery store with the amount left. He will open an entertainment hall, where he will put a pool table, and also buy baby food (for his grocery store) requested by almost all of his customers and villagers.
Ibrahim is a hard worker, putting so much effort on improving both his businesses, and his social living. He hopes that the new business will improve the existing one, through the increased requests that will take place on the soft drinks, chips and many other sweets and chocolates, since he is planning to have the businesses stuck to each other to manage both in a very well managed way.
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