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Husein is a 28-year-old married father of one child. He has been working in auto repair for seven years. Husein is a hard worker, with a very good reputation in his domain and area. He is specialized in fixing and selling car exhaust systems and in changing oil. His business is going on just fine, because of his special talents. Today he is acquiring a youth loan from Kiva partner Al Majmoua to buy car oils and exhaust pipes that are necessary to develop his business. He hopes that, in the future, he might start offering car accessories that are more attractive to customers, which would provide him with additional business and more income.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Husein to buy necessary car oils and exhaust pipes to develop his business.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 2, 2013
Sep 2, 2013
Currency Exchange Loss:
Oct 2, 2013