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Said
Said is a 63-year-old man who lives in Tyre, southern Lebanon, with his wife and their two children. Said has owned a grocery store since 2000. He sells candies, canned food, home cleaning products, etc… 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.

Said is special in his work because he opens early in the morning and closes late in the evening. His customers are his friends, neighbors, and traders. When he first started his business, he didn’t have enough cash to purchase a lot of merchandise. He decided on doing his business because he wanted to supplement his wife’s income, and also, he always wanted to work for himself. In future, he plans to keep on improving his store by diversifying his 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
  • 71
    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 $1,000 helped Said to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2010
Listed
Mar 3, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011