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Mahdi
Mahdi is a 27 year old man who lives in Bourj El Barajneh, southern suburbs of Lebanon. Mahdi has selling fruits and vegetables for two years. Mahdi requested a loan of 700 US dollars from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Mahdi has requested a loan.
Mahdi is special in his work because he knows how to treat his clients and has a good quality of merchandise. His clients are his friends and neighbors. When he first started his business, he had to face the competition. Mahdi decided on doing his business because he wanted to have an independent work. In the future, he plans on expanding his business.

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
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Mahdi mahdi will use the loan to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010