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Ibrahim
Ibrahim is a 35-year-old man who lives in Bint Jbeil, southern Lebanon, with his wife and their three children. Ibrahim has owned a butcher shop for over fifteen years. When he first started his business, he had some financial issues due to the cost of his machines, the rent, and other expenses related to his shop, but he always did his best to manage and not to have debts.



He decided on opening his shop because he realized that there wasn’t a butcher shop in his region and that people had to go a bit far from their home to purchase their meat. Ibrahim is special in his work because he is known for his good quality meat. He requested a loan from Al Majmoua in order to purchase cows for his business. This is the first time that Ibrahim has requested a loan.



His clients are his friends, neighbors and people from his region. In the future, he plans on expanding his business by working in surrounding villages.

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
  • 50
    View loans »
    Lebanon Loans Fundraising
  • $14,755,800
    Funds lent in using Kiva
  • 1,504.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Ibrahim to purchase cows for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2010
Listed
Jan 20, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011