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Saadalah
Saadalah is a 55 year old man who lives in the Bekaa with his wife and their six children. Saadalah has owned a painting shop since 1970. He also sells all type of tools. He requested a loan of 2000 US dollars from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Saadalah has requested a loan.
Saadalah is special in his work because he has competitive prices. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. 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

  • $15,800
    Average annual income
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Saadalah saadalah 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