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Hicham is a 32-year-old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon. Hicham has owned a barber shop for over ten years. Hicham is special in his work because he knows how to treat his clients and his clients like him. His clients are mainly people from his region, but he also receives tourists. Hicham requested a loan from Al Majmoua in order to change the décor of his shop; he wants to make it more modern and more attractive.

Hicham has been a micro-credit client for seven years now and has always repaid on time. His previous loans helped him maintain his work when there were hard times, as well as always improving his business. When he first started his business, he didn’t have enough cash to establish his shop. He decided on doing his business because of his experience, and he also wanted to have an independent job. In the future, he plans on expanding his business.

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
  • 129
    View loans »
    Lebanon Loans Fundraising
  • $16,640,700
    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 change the décor of his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 18, 2009
Oct 15, 2009
Currency Exchange Loss:
Oct 15, 2010