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Agob
Agob is a 64 year old man who lives in Beirut, the capital of Lebanon, with his wife and their two children. Agob has owned a coffee shop since 1984. He requested a loan from Al Majmoua in order to purchase a new coffee machine and pay his children's school tuition. Agob has been a microcredit client for eleven years now and has always paid on time.


His previous loans helped him diversify his merchandise and improve his coffee shop. Agob's work is special because his coffee shop is cozy. His clients are his friends and neighbors. When Agob first started his business, he didn’t face any difficulties. He decided on doing his business because he wanted to have an independent job. In the future, he plans on expanding his work.

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
  • 91
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Agob to purchase a new coffee machine and pay his children's school tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2009
Listed
Sep 22, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010