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Yassine
Yassine is a 27-year-old man who lives in Saida in southern Lebanon. Yassine has owned a barber shop since 1998. He decided to open this business because he learned the skills in an academy. He gained experience while working with his brother, so that he could open his own shop. When he first started his business, he didn’t have enough cash to purchase all the necessary tools for his shop.


His clients are his family members, friends, neighbors and others. Yassine is exceptionA. because he does good work and offers quality hair products to his clients.


He requested a loan from A. Majmoua in order to purchase tools for his work and to change the décor of his shop. This is his third loan cycle and he has always paid on time. In the future, Yassine plans to improve his business by purchasing more sophisticated tools.

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
  • $14,617,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Yassine to purchase tools for his work and change the décor of his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2009
Listed
Jan 4, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011