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Khalil
Khalil is a 44-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their two children. Khalil has been working as a hairdresser since 2004. He also offers beauty products and beauty treatments like manicure and pedicure, hair removal, and makeup. Khalil requested a loan from Al Majmoua to purchase beauty products for his salon. This is his third cycle and he has always paid on time. His previous loan helped him improve his work, and consequently his financial situation.
Khalil is special in his work because he knows how to treat his client and is open every day of the week, even during holidays. His clients are his friends, neighbors and others. When he first started his business, he didn’t face difficulties. Khalil decided on doing his business because of his experience. In the future, he plans on expanding his business by opening a second salon.

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
  • 75
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Khalil to purchase beauty products for his salon.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011