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Abdallah
Abdallah is a 19-year-old man living in the town of Saida in South Lebanon. Abdallah supports his family because his father can no longer work due to his age. Abdallah has been a carpenter for two years, and he recently started a new business.


This is his second loan with A. Majmoua, which he always repaid with timely payments. With his first loan, he built a mini-train that he attached to his motorbike to give little kids rides on the Saida pier. This was the only business of the like in the area. This business has proven to be profitable, and he would like a second loan of $1,000 to create a second mini-train so that he can expand his business to the other parts of the pier.

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
  • 23
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abdallah to create a second mini-train for his kids'-ride entertainment business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010