Borrower’s Biography from Kiva
Khaled is a 44-year-old married father of three and a Palestinian refugee who lives in a Palestinian refugee camp. Due to the low social and financial situations of Palestinians in Lebanon, he left school at early age and started working in the construction field specialized in wall painting to cover the needs and expenses of his family. Khaled is acquiring a loan from Kiva’s field partner Al Majmoua to renovate his house to make it a better and healthier place for his family inside the camp. Khaled hopes to keep on expanding his business to increase his income and stay capable of providing his family with better life.
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.
This loan is part of Al Majmoua’s efforts to help families in Lebanon with necessary home improvements. Loans can be used for renovations, often to prepare homes for the winter season, as many buildings in Lebanon are not insulated well or prepared for the cold temperatures of the winter. Loans can also be used to expand homes to accommodate family growth. By supporting this loan, you are helping a borrower in Lebanon who has important home improvement needs but cannot access a loan from a local bank.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
Further reading – Practice your Arabic vocabulary for words around the home. أنا في المنزل
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