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Sami
Sami is a 25-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their three children.

Sami has been working as a hairdresser since 2005. He has requested a loan from Al Majmoua in order to purchase tools for his work. This is the first time that he has requested a loan.

Sami is special in his work because he knows how to treat his clients and is aware of new hairstyles. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. He decided on doing his business because of his experience; before opening his saloon, he used to work as an employee in another saloon. In the future, he plans on improving 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Sami to purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010