Check out some available loans that are similar to this one!
Moussa
Moussa is a 55-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their five children. Moussa has owned a grocery store for two years. He sells canned food, candies, drinks, pasta and rice, bread, home cleaning products, etc…as well as fruits and vegetables. Moussa is good at his work because of his experience. His clients are mainly his friends and neighbors.

He requested a loan from Al Majmoua in order to purchase merchandise for his store. This is the first time that he has requested a loan. When Moussa first started his business, he had some financial issues and he had to face competition. He decided to start his business because he wanted to have independent work, and because he had experience in the field. 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
  • 43
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Moussa to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2010
Listed
Feb 3, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011