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Loutfi is a 54-year-old man who lives in the Bekaa with his wife and their child. Loutfi has been working in construction since 1986. He also works as a home decorator. Loutfi has requested a loan from Al Majmoua in order to purchase tools for his work. This is the first time that he has requested a loan.
Loutfi is special in his work because he does it well, and he is known in his region for his good and talented work. His clients are his friends and neighbors, as well as people from the surrounding villages. When he first started his business, he didn’t face difficulties. He decided on doing this business because he wanted to have independent work based on his experience. 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

  • $15,800
    Average annual income
  • 141
    View loans »
    Lebanon Loans Fundraising
  • $16,678,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Loutfi to purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 18, 2010
Mar 1, 2010
Currency Exchange Loss:
Mar 15, 2011