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Samer
Samer is a 33-year-old man who lives in Saida, Southern Lebanon, with his wife and their three children. Samer has owned a shoe shop since 2004. Samer requested a loan from Al Majmoua in order to purchase the new spring shoe collection. This is his second cycle, and he has always paid on time.
Samer is special in his work because he knows how to treat his client and offers good quality shoes. His clients are people from his region, but mainly his neighbors and friends. When he first started his business, he didn’t have enough cash to expand his stock; therefore, thanks to his previous loans, he was able to expand and diversify his merchandise. Samer decided on this business because he wanted to have independent work. In the future, he plans to keep on improving his business by always providing his clients with the best merchandise.

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
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Samer to purchase the new spring shoe collection.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 2, 2010
Listed
Jan 26, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011