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Majed
Majed is a 41-year-old man who lives in Nabatieh, southern Lebanon with his wife and their four children. Majed has owned a car wash for ten years. He requested a loan of 1,800 US dollars from Al Majmoua in order to do some maintenance work on his business, as well as to purchase birds because he wants to start selling birds. Majed has been a microcredit client for six years now and has always paid on time.

Majed’s previous loan helped him to improve his work and, with the new loan, it will allow him to start a new business which is selling birds. Majed 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 face difficulty. He decided on doing his business because he wanted to improve his family’s income and have 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

  • $15,800
    Average annual income
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Majed to do some maintenance work on his business and to purchase birds to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010