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Riyad
Riyad is a 29-year-old man who lives in Bint Jbeil, southern Lebanon with his wife and their child. Riyad has been working in agriculture since 2000. He plants fruits and vegetables like tomatoes, watermelon, cucumbers, and green beans. His clients are people from his region. Because there is a lot of agriculture in his region, he faced a lot of competition when he first started his business. Now he is known for growing good produce. His future plans are based on his experience in growing crops. He will continue to work hard and produce more. He is requesting a loan from Al Majmoua ito purchase new tools for his work. This is the first time that Riyad has requested a loan.

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
  • 109
    View loans »
    Lebanon Loans Fundraising
  • $15,361,075
    Funds lent in using Kiva
  • 1,504.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Riyad to purchase new tools growing crops.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2009
Listed
Dec 13, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011