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Hassan
Hassan is an 18-year-old man who lives in Tyre, Southern Lebanon. Hassan has owned a coffee shop for a year. He also serves narguileh (also known as shisha in Egypt). Narguileh is an ancient tradition enjoyed by the people of the Middle East. A tall (or short) water pipe is used to smoke fruit-flavored tobacco. Narguileh is enjoyed in cafes across the Middle East and is beginning to gain popularity in the US, Europe and other countries. Hassan also has a billiard table for those who want to play.


Hassan requested a loan of $700 US from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Hassan has requested a loan. Hassan is special in his work because he knows how to treat his clients and clients feel comfortable going to his coffee shop. His clients are his friend, neighbors and others. When he first started his business, he didn’t face difficulties. Hassan decided on this business because he wanted to work independently and he has always wanted to have a coffee shop. 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
  • 73
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Hassan to purchase merchandise for a coffee shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010