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Hayssam
Hayssam is a 37 year-old man who lives in Saida, southern Lebanon with his wife and their two children. Hayssam has been working in construction since 1998. Hayssam is requesting a loan from Kiva partner Al Majmoua in order to purchase tools for his work. Hayssam has been a microcredit client for five years and has always paid on time.

Hayssam is special in his work because he knows how to treat his clients and does a good job. His clients are his friends, neighbors and others. When he first started his business, he had difficulty building a network of clients and had some financial issues. He decided on his business because he wanted to have independent work. In the future, he plans to expand his business and improve his work quality.

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
  • 34
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Hayssam to purchase tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011