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Joseph
Joseph owns a men's clothing shop. He is 42-years old and lives in Bourj El Barajneh, in the southern suburbs of Lebanon, with his wife. Joseph has requested a loan of $1500 US from Al Majmoua in order to purchase clothes for his shop. Joseph has been a microcredit client for seven years now and has always repaid on time.


Joseph's previous loans helped him improve his work as well as his financial situation. His clients are his friends, neighbors and others. He hasn't faced any difficulties since he first started his business. Joseph decided on this business because he wanted to work independently. In the future, he plans on expanding his shop.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

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