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Ghassan is a 59 year old man who lives in Beirut, capital of Lebanon with his wife and their three children. Ghassan has owned a grocery store for the past eight years. He requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise for his store. This is his third cycle and he has always paid on time.
His previous loans helped him improve his store by diversifying his merchandise. Ghassan is special in his work because his store is well located; in his neighborhood there is a lot of companies and he also often receives tourists. His clients are mainly his friends, neighbors and passer-bys. When he first started his business, he had to face the competition with another grocery store. Ghassan decided on doing his business because he was unemployed and couldn’t another work. In the future, he plans on improving his store by diversifying more his merchandise.

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
  • 136
    View loans »
    Lebanon Loans Fundraising
  • $16,678,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ghassan to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 28, 2009
Oct 8, 2009
Currency Exchange Loss:
Oct 15, 2010