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Ajami
A., 27 years old, lives in Bint Jbeil. He has been working as a stone carving for four years. He is requesting a loan from Al Majmoua in order to purchase tools and electrical wires for his work. This is the first time that A. has requested a loan.

A. is recognized for his work because of his experience and quality craftsmanship. His clients are people from his region. Initially he didn’t have the startup capital to begin his business, but he decided to pursue it because of his experience. In the future, he plans on expanding his business into a new region.

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,963,200
    Funds lent in using Kiva
  • 1,502.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ajami to purchase tools and electrical wires.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
May 16, 2010