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Hicham
Hicham is twenty-eight years old and lives in Aley, Mount Lebanon, with his wife and their child. Hicham has been working in sanitary installation for seven years. He requested a loan of $700 from the Kiva field partner, Al Majmoua, in order to purchase a car for his work. This is his fourth loan cycle and he has always paid on time.
His previous loans helped him improve his business as well as his financial situation. Hicham is highly regarded for his work because he does it well. His clients can be anybody from his region. When he first started his business, he didn’t face any difficulties. Hicham decided to start this business because he had previous experience. In the future, he plans to extend the scope of his business.

Additional Information

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.

About Lebanon

  • $5,900
    Average annual income
  • 109
    View loans »
    Lebanon Loans Fundraising
  • $15,359,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Hicham to buy a car for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2009
Listed
Apr 7, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010