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Kassem
Kassem has been selling construction materials like iron, stones and sand for four years. He uses a truck for his work. His clients can be anybody, but they are mostly construction firms. When Kassem first started his work, he didn’t face difficulties. He decided on this business because he wanted to work independently.

Kassem is a 32-year-old man who lives in Tyre, Southern Lebanon, with his wife and their three children. He requested a loan of $2000 US from Al Majmoua in order to purchase tools for his work. This is his fourth loan cycle and he has always repaid on time. His previous loan helped him improve his business. In the future, he plans on improving his work by purchasing more sophisticated tools.

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 $2,000 helped Kassem to purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010