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Hicham
Hicham is a 25-year-old man who lives in Bourj El Barajneh in the southern suburbs of Lebanon with his wife and their two children.

Hicham has been working as a furniture repairer for over twenty years. He requested a loan from Al Majmoua in order to purchase new thread colors and new designs.

Hicham has been a microcredit client for seven years now and has always paid on time. His previous loans helped him diversify his merchandise and enabled him to always have new designs to offer.

Hicham is special in his work because he knows how to treat his clients and is known for his good work. His clients are mainly people from his region. When he first started his business, he didn’t face difficulties. He decided on doing his business because of his experience and he also wanted to have an independent work. In the future, he plans on expanding his business by enlarging his factory.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hicham to purchase new thread colors and new designs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 12, 2009
Listed
Oct 9, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010