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Salem
Salem is 46 years old, married with 3 children. He lives in Bint Jeil, southern Lebanon, where he owns an electricity generator. Salem requests a loan from Al Majmoua to buy cables and wires. It is Salem’s first time as a microcredit client. He has been working for 16 years and his clients are his friends, neighbors and tourists. He provides electricity to his clients whenever the power is down in the region. He had difficulties in the past with procuring clients but this worked out and his future plan is to expand.

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • 1,502.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Salem to buy cables and wires.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2009
Listed
Sep 3, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010