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 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:
More about this loan
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.