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Hussein
Hussein is an 18-year-old man who lives in Bint Jbeil. Hussein has been working as a blacksmith for two years. He requested a loan of 1000 US dollars from Al Majmoua, Kiva's partner, in order to purchase tools for his work. This is the first time that Hussein has requested a loan.


Hussein is special in his work because he does it well. His clients are people from his region. When he first started his business, he didn’t have the startup capital. Hussein decided on doing his business because of his experience. In the future, he plans on expanding his business into a new region.

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,582,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hussein hussein will use the loan to purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010