Wafic is an energetic, hard worker who puts so much effort into improving his living and increasing his income. Wafic applied for a youth loan from Kiva partner, Al Majmoua Lebanese Association for Development, in order to buy new computers, to open a special Internet cafe which will go in parallel with his present business, since both businesses can complete each other, as he says. This means that most of the people who will come to use the Internet service might request a hot drink to add joy to their time. In the future, Wafic hopes to keep on expanding both businesses, more and more.
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