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Emad
Emad has owned a faux bijoux shop since 1997. Emad is a 37-year old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon, with his wife and their child. Emad has requested a loan from Al Majmoua in order to purchase merchandise for his shop. Emad has been a microcredit client for nine years now and has always repaid on time.

His 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. Emad 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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Emad houssam will use the loan to purchase merchandise for his shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010