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Youssef
Youssef is a 44-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their three children.

Youssef has owned a shoe shop since 1994. He has requested a loan of 3,000 US dollars from Al Majmoua in order to purchase the new shoe winter collection. This is the first time that Youssef has requested a loan.

Youssef is special in his work because he offers good quality and choice of shoes. His clients are his friends and neighbors. When Youssef first started his business, he didn’t face difficulties. He decided on doing his business because of his experience. In the future, he plans on expanding by opening another shoe shop.

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
  • 79
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Youssef to purchase the new shoe winter collection.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 14, 2009
Listed
Sep 7, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010