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Maroun
Maroun is a 59 year old man who lives in Bourj El Barajneh, southern suburbs of Lebanon with his wife and their five children. Maroun has owned a barber shop for eleven years. Maroun requested a loan of 2000 US dollars from Al Majmoua in order to purchase tools for his shop like scissors, hairdryer, as well as his children school tuition. Maroun has been a microcredit client for nine years now and has always paid on time.
His previous loans helped him improve his salon. Maroun is special in his work because he knows how to treat his clients and is always aware new haircuts. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. In the future, he plans on improving his work.

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
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Maroun maroun will use the loan to purchase tools for his shop like scissors, hairdryer, as well as his children school tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010