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Essam
Essam is a 35-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their three children. Essam has owned a laundry for four years. His clients are his friends and neighbors. When he first started his business, he had financial issues. He decided to set up his business because he learned this trade when he was young.


Essam has requested a loan from Kiva partner, Al Majmoua, in order to purchase an iron press and aspirator for his work. This is his third loan cycle and he has always paid on time. Essam's previous loans helped him to improve his laundry. In the future, he plans on further improvements.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Essam to purchase an iron press and aspirator.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2009
Listed
Sep 16, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010