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Alaa
Alaa is 30 years old and lives in Beirut with his wife. He makes a living running a small coffee shop where he works hard to make his clients, who are also his friends and neighbors, feel comfortable. Alaa enjoys his work because it allows him to be independent and takes advantage of his experience working in other coffee shops. He has applied for this loan from Al Majmoua to buy a new espresso machine and other items he needs for his business. This is his third loan application, and he has paid his prior two loans on time. His goal for the future is to enlarge 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Alaa to buy a new espresso machine and other items for his coffee shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2009
Listed
Nov 10, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011