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Moustafa
Moustafa is a 52-year-old married man living with his wife and their four children in Beirut, the capital of Lebanon. He has had a men's clothing shop since 1993 and has many years of experience in this occupation. He has been very reliable with his repayments to Al Majmoua and has repaid his entire loan on time.

Therefore, for the third time, Moustafa is asking for a new loan to purchase more merchandise for his business, specifically to increase his selection of new collections and to offer a bigger choice of clothes to his clients for the summer season. He's confident that the loan will allow him to increase his business productivity.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,855,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Moustafa to purchase merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2010
Listed
Apr 13, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011