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Apr 7, 2017 6:03 AM ET

Lebanon: Hisham: A loan of $1,500 helps to buy newly released blacksmith tools to facilitate his work and provide his customers with a better service.

iCrowdNewswire - Apr 7, 2017

Hisham

Lebanon
 
Baalback, Lebanon / Blacksmith
 
Borrower image
 

A loan of $1,500 helps to buy newly released blacksmith tools to facilitate his work and provide his customers with a better service.

Hisham’s story

Hisham is a 26-year-old married father of two.

He has his own blacksmith shop to provide for his family’s needs and expenses. He is a hardworking and ambitious man who is trying to develop his business.

Today, he is acquiring a YOUTH loan from Kiva’s field partner Al Majmoua to buy newly released tools to facilitate his work and provide his customers with a better service.

He hopes to keep on expanding his business and to increase his income so that he can 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 35. 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.

Contact Information:

Hisham

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