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Haisam is a 21-year-old man who lives in the Bekaa. Haisam has been selling coal since 2004. Haisam requested a loan from Al Majmoua to purchase coal for his business.

This is the first time that Haisam has requested a loan. His clients are his friends and neighbors, and sometimes tourists. When he first started his business, he was afraid of the competition, but he knew how to make himself known because he sells good quality coal. He decided to start his business because he wanted to improve his financial situation. 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

  • $15,800
    Average annual income
  • 139
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Haisam to purchase coal to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 24, 2009
Jan 11, 2010
Currency Exchange Loss:
Jan 15, 2011