Abed Al Ilah
Today Abed Al Ilah is well known in the region and recommended by most of his customers. He is very anxious to expand his business but he has shortage in cash. That is why he has applied for a YOUTH LOAN for the first time from Kiva's partner Al Majmoua. This loan will help him buy the necessary tools and machines to improve and expand his business.
He is very optimistic about the results from the requested loan. Further, he hopes that, as a result of this loan, he will be able to move his business to an external shop very soon.
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