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Yassine
Yassine is a 54-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their six children. Yassine has owned a grocery store since 2006. He sells canned food, candies, drinks, eggs, bread and so on. He also sells some toys. Yassine is exceptional in his work because he knows how to treat his clients, who are his friends and neighbors.


He requested a loan from the Kiva field partner, Al Majmoua, in order to purchase merchandise for his store. This is the first time that he has requested a loan.


Yassine decided to open his store because he likes working as a trader, and when he first started his business, he had no problems. In the future, he plans to expand 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
  • 38
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Yassine to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2009
Listed
Dec 14, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011