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Mazen
Mazen is a 28-year-old man who lives in Beirut, the capital of Lebanon. Mazen has been working as an electrician since 2004. His clients are his friends and neighbors. This is the first time that Mazen has requested a loan from the Kiva field partner, Al Majmoua.


He requested the loan to start and open a new business which will be selling mobile phones. This new business will allow him to increase his income. He plans to keep on working as an electrician, and to continue to improve 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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $15,679,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mazen to start and open a new business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2009
Listed
Dec 14, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010