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Chamel
ChamE. is a 28-year-old single man living in Al Mary, Southern Lebanon. ChamE. works with things necessary for interior design decorations such as fake ceilings and wooden floors. He has been doing this since 2004. ChamE. requested a loan from Al Majmoua to buy necessary equipment for his business and to invest in some agricultural land. His clients are his friends, neighbors, and relatives. He believes his special way of working is his strong point. In the future, ChamE. plans to own a decorating company that can compete with the available ones.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Chamel to purchase necessary equipment for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2009
Listed
Dec 17, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011