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Elie
Elie is a 51-year-old married man living in Bourj A. Moulouk, Bint Jbeil, Southern Lebanon, with his wife and four children. Elie owns a shop where he has sold agriculturA. fertilizers and medicine since 2004.

Elie requested a loan from A. Majmoua in order to buy speciA. agriculturA. equipment important in his business. Elie has two years of micro-credit experience and he believes it was a successful experience. Elie had some financiA. problems at the beginning of his project, but he overcame them through micro-credits.

Elie’s customers are farmers and neighbors from all over the area. He hopes to expand in the future through selling large agriculturA. equipment.

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
  • $14,627,775
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Elie to buy agricultural equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2009
Listed
Dec 16, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011