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Hussein
Hussein is a 34-year-old man who lives in Beirut, the capital of Lebanon. Hussein has owned a mobile phone shop for a year now. He sells mobile phones and accessories, and he also repairs phones. He has requested a loan from Al Majmoua in order to purchase new mobile phones and their accessories. This is the first time that Hussein has requested a loan.

People from his region know Hussein well because he is known for having a good reputation. His clients are mainly his friends and neighbors. When Hussein first started his business, he didn’t face any difficulties since he has a good networking group. He decided on doing his business because he wanted to have independent work. In the future, he plans on improving his 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
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hussein to purchase mobile phones and accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2009
Listed
Oct 8, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010