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Haidar is a 51 year old man who lives with his wife in Tyre, southern Lebanon. Haidar has owned a grocery store since 2006. He has requested a loan of 1,200 U.S. dollars from Al Majmoua in order to purchase merchandise for his store. This is the first time that Haidar has requested a loan.

Haidar is special in his work because he knows how to treat his clients. His clients are his friends, neighbors and tourists. When he first started his business, he didn’t have the startup capital. Haidar chose his business because of his experience and he wanted to improve his financial situation. In the future, he plans on enlarging 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
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Haidar to purchase merchandise for his grocery store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 6, 2009
May 1, 2009
Currency Exchange Loss:
Apr 15, 2010