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Ibrahim
Ibrahim is 27 years old and lives with his wife and child in Bint Jbeil, southern Lebanon. Ibrahim has been working as a fishmonger for six years. He is requesting a loan from Kiva partner, Al Majmoua, in order to purchase a new refrigerator for his work. This is his fourth loan cycle and he has always paid on time.

Ibrahim's previous loans helped him improve his work as well as his financial situation. Ibrahim is successful in his work because he does it well and is known for the good, clean quality of his fish. His clients are people from his region. When he first started his business, he didn’t have a lot of cash. Ibrahim set up as fishmonger because he wanted to have independent work. In the future, he plans on improving 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
  • 35
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • 1,502.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Ibrahim to purchase a new refrigerator for his work.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010