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Saeed
Saeed is a 29 year old man who lives in Saida, southern Lebanon with his wife. Since 1999, Saeed has been working as a furniture upholsterer. Saeed is requesting a loan from Kiva partner Al Majmoua in order to purchase a sewing machine for his work. This is the first time that Saeed has requested a loan from Al Majmoua.


Saeed is known for his good work. When he first started his business, he didn’t face difficulties. Saeed decided on his business because he learned it when he was young. In the future, he plans to keep on improving his work.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,617,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Saeed to purchase a sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 14, 2009
Listed
Dec 13, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011