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Hasan
Hasan is a 24-year-old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon with his wife and their two children. Hasan has owned a stationary shop since 1999. Hasan requested a loan of 1500 US dollars from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Hasan has requested a loan.
Hasan is special because he has competitive prices. His clients are friends, neighbors and others. When he first started his business, he didn’t face difficulties. Hasan decided on doing his business because he wanted to have independent work. In the future, he plans on improving 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

  • $5,900
    Average annual income
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,617,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hasan to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010