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Haydar
Haydar is a 33-year-old man who lives in Beirut, capital of Lebanon. He has owned a grocery store for 10 years now. He sells canned food, candies, drinks, home cleaning products, etc. A feature of Haydar's work is that he offers competitive prices. His clients are his friends and neighbors. 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.

When Haydar first started his business, he didn’t face difficulties. He decided on setting up his business because he wanted to have independent work, as well as gaining experience. In the future, he plans to expand 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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Haydar to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2010
Listed
Mar 5, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011