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Moufid is a 54-year-old man who lives in Aley, Mount Lebanon, with his wife and their three children. Moufid has owned a barber shop for 30 years. He requested a loan of $1,000 from Kiva's partner Al Majmoua in order to purchase tools for his salon. This is his third cycle and he has always paid on time.

His previous loans helped him improve his work. Moufid is special in his work because he knows how to treat his clients. His clients are his friends and neighbors. When he first started his business, he had difficulty building networking. Ziad decided on doing his business because he wanted to have independent work. In the future, he plans on expanding his store.

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
  • 126
    View loans »
    Lebanon Loans Fundraising
  • $16,605,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Moufid moufid will use the loan to purchase tools for his salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 13, 2009
Jul 1, 2009
Currency Exchange Loss:
May 15, 2010