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Hassan
Hassan is a 39-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their four children. Hassan has owned a general store since 1999. He sells canned food, candies, drinks, home cleaning products, etc. Hassan is special in his work because he offers competitive prices. His clients are his friends and neighbors. He requested a loan from Al Majmoua in order to purchase merchandise for his store. This is his fourth loan and he has always repaid on time.



When Hassan first started his business, he didn’t face difficulties. He decided on doing his business because he wanted to have an independent job, as well as because of his prior experience. In the future, he plans on expanding 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

  • $5,900
    Average annual income
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hassan to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 15, 2009
Listed
Dec 14, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011