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Husein
Husein is a 21 year old man who lives in the Bekaa. Husein has been selling used shoes since 2007. He requested a loan of 1000 US dollars from Al Majmoua in order to purchase more used shoes to sell. This is his second cycle and he has always paid on time.

Husein is special in his work because he has competitive prices and sells good quality used shoes. His clients are his friends and neighbors. When he first started his business he didn’t face difficulties. Husein decided on doing his business because of his experience. In the future, he plans on improving this 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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Husein to purchase used shoes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 14, 2009
Listed
Sep 9, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010