Fadel is a 20-year-old, single, Lebanese man. After many years of experience, he was able to open his own barbershop in 2012. Due to his good business reputation, he was capable of harnessing a good number of loyal customers. With his requested youth loan from Kiva partner Vitas s.a.l, he will purchase a car. He aims to expand his work. He is ready to hire an employee who will be responsible for the salon during his absence while he visits customers at other places to provide them with his services and to gain extra income. Fadel’s only purpose at this stage is to collect money - as much as necessary -since he plans to get married soon and must meet the expensive costs.
More information about this loan
This loan is helping support a borrower who is 30 or under. 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.
Due to political and social challenges in Lebanon, personally identifiable attributes entrepreneurs may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.