Mohamad is applying for a YOUTH loan from Kiva's partner Al Majmoua, in order to buy an ice cream machine, a smoothie maker, and a ready-to-sell ice cream freezer.
Through the requested loan, Mohamad ensures additional business which will reflect positively on his income during the summer season, especially since his espresso coffee van is located in a very attractive place in his village.
He hopes to stay capable of supplying his family's needs and expanding his business as much as he can in a 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