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Charif is a 29 year old man who lives in the Bekaa with his wife. Charif has owned a barber shop since 2003. He requested a loan of 2000 US dollars from Al Majmoua in order to purchase beauty products and arrange the décor of his shop. This is his third cycle and he has always paid on time.
Charif is special in his work because he knows how to take good care of his clients, like he does than facial masks. His clients are his friends and neighbors. When he first started his business he didn’t face difficulties. Charif decided on doing his business because of his experience. In the future, he plans on improving 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

  • $15,800
    Average annual income
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,166,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Charif to purchase beauty products and arrange the décor of his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 2, 2009
Sep 8, 2009
Currency Exchange Loss:
Oct 15, 2010