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Touni
Touni is a 42-year-old man who lives in the Bekaa Valley with his wife and their child. Touni has owned a laundry since 1989. He has requested a loan from Al Majmoua to purchase cleaning products and to repair one of his cleaning machines.

This is the first time that Touni has requested a loan. His business is special because he does it well and is very precise in his work. His clients are his friends, neighbors, and tourists. When he first started his business, he had difficulty purchasing all the tools required for his work. He decided to start his business because it was his family’s business. In the future, he plans to improve his work.

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
  • 109
    View loans »
    Lebanon Loans Fundraising
  • $15,368,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Touni to purchase cleaning products and to repair one of his cleaning machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2009
Listed
Jan 11, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011