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Bassam
Bassam is a 31-year old engaged man who lives in Bint Jbeil, Southern Lebanon. Bassam has been working as a car painter and repairer for eight years. He has requested a loan of $3000 US from Al Majmoua in order to purchase tools for his garage. This is his second cycle and he has always paid on time.


His previous loan helped him improve his work. Bassam does his work well and he is trustworthy. His clients are his friends, neighbors and people from his region. When he first started, he had to face competition. In the future, he plans to expand his business by purchasing a paint oven for his work.

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
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Bassam to purchase tools for his garage.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2011