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Ghanem is a 50 year old man who lives in Aley, Mount Lebanon with his wife and their five children. Ghanem has owned a clothing shop for three years. He also sells shoes. Ghanem requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Ghanem has requested a loan.

Ghanem is special in his work because he knows how to treat his clients. His clients are his friends and neighbors. When Ghanem first started his business, he faced the competition. In the future, he plans on expanding 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

  • $15,800
    Average annual income
  • 129
    View loans »
    Lebanon Loans Fundraising
  • $16,571,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ghanem to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 7, 2009
Apr 7, 2009
Currency Exchange Loss:
Apr 15, 2010