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Husein is a 25-year-old married father of one child; he has been working as a barber for thirteen years. Husein was only twelve years old when he started working; he had to quit school during his intermediate level to financially support his parents in their living. Today, Husein is running his own barber shop, which he established in November 2010, and his business is developing gradually.

In addition to taking care of his wife and child, Husein is taking the responsibility for providing his beloved mother a good and healthy living too. He is acquiring a YOUTH loan from Kiva partner Al Majmoua, to buy a Renault rapid car which he will use to start an additional income business through trading with special barber needs. This will support his family's living and cover their increasing needs, in addition to letting him make necessary maintenance to his house's kitchen. He hopes that he develops and expands his business in a well managed way 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,500 helped Husein to buy a Renault rapid car which he will use to start an additional income business through trading with special barber needs.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 11, 2013
Dec 4, 2013
Currency Exchange Loss:
Feb 2, 2014