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Hassan
Hassan is a 20-year-old man who lives in Bint Jbeil, southern Lebanon. Hassan has owned a barber shop for over two years. He requested a loan from Al Majmoua in order to purchase a new seat and an air conditioner and to repaint his shop's interior. This is his fourth cycle and he has always paid on time. His previous loans helped him to do up his shop. Hassan is special in his work because he does it well and is aware of new haircuts. His clients are people from his region. When he first started his business, he didn’t face difficulties except finding the proper place to open his shop. Hassan decided on doing his business because of his experience. 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
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Hassan to purchase a new seat and an air conditioner and to repaint his shop's interior.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2009
Listed
Dec 12, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011