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Yousef
Yousef is a 34 year old man who lives in Beirut, Lebanon with his wife and their four children. Yousef has been selling fruits and vegetables since 1989. He sells all types of fruits and vegetables depending on the season. Yousef has requested a loan from Al Majmoua in order to purchase merchandise for his shop. This is his second cycle and he has always paid on time. His previous loan helped him expand his stock and diversify his merchandise.
Yousef is special in his work because he offers good quality products and has competitive prices. His clients are his friends, neighbors and tourists. When he first started his business, he didn’t have enough cash to purchase a variety of merchandise. In the future, Yousef plans on improving his business by continuing to diversify and by offering more merchandise.

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
  • 106
    View loans »
    Lebanon Loans Fundraising
  • $16,217,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Yousef to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010