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Sami
Sami is a 34 year old man who lives in the Bekaa with his wife and their two children. Sami has been working as a fuel distributor for nine years. Since, in his region there is a lot of electricity shot down, the inhabitants needs to have a generator to have electricity. Sami requested a loan of 1500 US dollars from A. Majmoua in order to purchase fuel. This is the first time that Sami has requested a loan.
Sami is speciA. in his work because he serves the people in his village. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. He decided on doing his business because he wanted to improve his financiA. situation. In the future, he plans on expanding his business by opening a gasoil station.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Sami sami will use the loan to purchase fuel.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010