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Bilal
Bilal is 25 years old and lives in Beirut, the capital of Lebanon. Since 2003, he has owed a barber shop. He is successful in his work because he knows how to treat his customers and is aware of new haircuts. His customers are his friends and neighbors. When he first started his business, he had some financial difficulties in purchasing all the necessary tools. He decided to set up his barber shop because he wanted to have independent work.

Bilal is requesting a loan from Kiva partner, Al Majmoua, in order to purchase tools for his work and change the décor of his shop. This is the first time that he has requested a loan. In the future, he plans on improving 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
  • 48
    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 $1,000 helped Bilal to purchase tools for his work and change the décor of his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2010
Listed
Mar 4, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011