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Moustafa
Moustafa is a 61-year-old man who lives with his wife in Saida, southern Lebanon.

Moustafa has been selling fruits and vegetables for over twenty-five years and sells depending on the season. He is very well known in his region because his shop has always been there, and his clients have been the same for over twenty years; he also sells a good quality of products and is welcoming. His clients are his friends, neighbors and others from his region.

Moustafa requested a loan from Al Majmoua in order to purchase merchandise for his shop. He has been a microcredit client for nine years now and has always paid on time. His previous loans allowed him to purchase merchandise and increase his stock.

When he first started his business, Moustafa didn’t face difficulties excepting that he didn’t have a lot of cash to diversify his merchandise. He decided on doing his business because he wanted to have independent work. In 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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Moustafa to purchase more merchandise for shop.
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