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Majed
Majed is a 54-year-old entrepreneur from Lebanon. He is married and has four children. He has been renting a shop to sell sinks, pipes, and other plumbing devices since 2008. He has 26 years of experience in the industry. Because of his extensive experience, he has a broad customer base that includes friends, neighbors, and professional contacts. Majed is extremely proud of his work and believes that it is his experience that has helped him succeed.

He is requesting a loan of US$ 2000 from Kiva partner, Al Majmoua. He is planning to use the loan to purchase a new sink that he can then sell. This will be his first loan from Al Majmoua. In the future, Majed hopes to further expand his business. He learned about Al Majmoua through the local loan officer.

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
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Majed to new sink for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2010
Listed
May 10, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011