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Mostafa
Mostafa is a 22 year old man who lives with his wife in Beirut, the capital of Lebanon. Mostafa has owned a mini-market for four years. He requested a loan of 2,000 US dollars from Al Majmoua in order to purchase merchandise for his market like cheese, yogurt, bread, water, cans and lots more. This is his second loan and he has always repaid on time.

Mostafa is special in his work because he has a big variety of products and opens till late in the evening. His clients are his friends and neighbors. When he first started his business, he had to face the competition because there are other markets in his region. He decided on doing his business because he wanted to increase his income, as well as he likes trading. In the future, he plans on expanding his business by becoming a supermarket.

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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,848,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mostafa to purchase merchandise for his mini-market.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010