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Imad
Imad is a 25-year-old man who lives in Beirut, the capital of Lebanon. He has owned a hairdressing salon for almost two years. He also sells beauty products and does makeup, tattoos and hair removal. Imad is valued for his work because he knows how to treat his customers, and because he offers a lot of services. His clients feel comfortable going to his salon, knowing that he is good at his job and is aware of the new hair style fashions.


When Imad first started his business, he had no problems because he already had faithful customers from his previous job. He decided to open this business because he learned the skills in an academy and wanted to have independent work. His clients are his friends, neighbors and tourists.


He requested a loan from the Kiva field partner, Al Majmoua, in order to purchase beauty products and make some décor changes in his salon. This is the first time that Imad has requested a loan. 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
  • 81
    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 $2,000 helped Imad to purchase beauty products and make some décor changes in his salon.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2009
Listed
Jan 4, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011