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Oct 17, 2016 9:56 EST

Lebanon: Abbass – A loan of $1,000 helps to buy a car that will facilitate his business.

iCrowdNewswire - Oct 17, 2016

Abbass

Lebanon
 
Nabatieh, Lebanon / Electrician
 
Borrower image
 

Abbass’s story

Abbass is a 19-year-old, single young man who works as an electrician to cover his needs and expenses. He is a hard worker and an ambitious man who is well-known among his region and has loyal customers.

Today, Abbass is acquiring a youth loan from Kiva’s field partner Al Majmoua to buy a car that will facilitate his business and allow him to move to his workshops easily. He hopes to keep on expanding his business to increase his income and improve his living conditions. 

This loan is special because:

It targets youth in a region where opportunity is scarce 

Lev Plaves
Kiva staff

More 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:

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.

A loan of $1,000 helps to buy a car that will facilitate his business.

Contact Information:

Abbass

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