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Kassem
Kassem has owned a grocery store since 2000. He is a 57-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their two children. Kassem sells canned food, candies, drinks, eggs, bread, etc. He also sells vegetables like lettuce, tomatoes, potatoes and others (depending on the season). Kassem knows how to treat his clients, who are his friends and neighbors. When Kassem first started his business, he had to face competition. He decided on this business because he wanted to work independently and use his experience.

Kassem requested a loan from Al Majmoua in order to purchase merchandise for his store. This is his second loan cycle and he has always repaid on time. In the future, he plans on expanding 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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Kassem to purchase merchandise for his store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2010
Listed
Jan 21, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011