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Alaa is a 23-year-old single man who has been working in furniture-making and selling flowers for eight years. He is employed in both businesses to make sure that his income is good enough to cover his expenses and his family's, too, at the same time.

He believes that he is creative enough to succeed in his own business, but he has a financial problem that was stopping him from making his dream come true. Therefore, Alaa is applying for a YOUTH LOAN from Kiva's partner, Al Majmoua, in order to start a small business of his own for additional income. He is often asked to do the flower decorations for weddings, and he is planning to expand this business to open a wedding planning 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
  • 86
    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 $1,500 helped Alaa to start his own business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 18, 2013
Apr 19, 2013
Currency Exchange Loss:
Jul 17, 2014