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Halim
Halim is 46 years old and lives in Aley, Mount Lebanon, with his wife and five children. Halim has been selling perfumes, deodorant, make-up, shampoo and hair coloring for more than ten years. His customers are people from his region. He decided to set up this business in order to have independent work. Before opening his shop, he worked as a home painter, but from an early age he always wanted to have a shop of his own. Therefore, ten years ago, he took the decision to stop working as a home painter and open his shop. While he still sometimes works as a home painter in his free time, he only does so as a favor to his friends and family. When he first started his business, he had some financial issues as he faced competition.

Halim has requested a loan from Kiva partner, Al Majmoua, in order to purchase merchandise for his shop. This is his second loan and he has always paid on time. In the future, he plans to continue to improve his work.

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
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Halim to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2010
Listed
Mar 8, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011