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Samer
Samer is 26 years old and lives with his wife and three children in Bint Jbeil, southern Lebanon. Samer has owned a barber's shop for seven years. He is requesting a loan from Kiva partner, Al Majmoua, in order to purchase sinks and a new chair for his shop. This is his second loan cycle and he has always paid on time.


Samer is successful because he is known for his good and talented work. His clients are his friends and neighbors. When Samer first started his business, he had financial issues. He set up as a barber because of his experience. 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

  • $5,900
    Average annual income
  • 111
    View loans »
    Lebanon Loans Fundraising
  • $15,359,075
    Funds lent in using Kiva
  • 1,502.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Samer to purchase sinks and a new chair for his shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011