Iman is preparing herself for her wedding; she is working hard to support her beloved fiance in supporting him in everything he pays for their future house. For this reason, and since her income barely covers her family's increasing needs, she is requesting a YOUTH loan from Kiva's partner Al Majmoua, to buy necessary housewares, and help her fiance pay for their kitchen's wood work.
This is Iman's second loan from Al Majmoua, her previous loan was requested to pay for her university tuition fees. She hopes to finish her education and graduate to benefit from a better job in the future.
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