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Sarkis
Sarkis is a 59 year old man who has four children. Sarkis has owned a grocery store since 2002. In his store he sells candies, canned food, beverage, chips, biscuits etc. Sarkis requested a loan from Al Majmoua to purchase merchandise for his store in order to be able to expand and diversify his stock; the expansion will help him answer his clients' needs. This is the first time that Sarkis has requested a loan. His clients are his friends and neighbors. Sarkis decided to open a grocery business because he wanted to have independent work. In the future, Sarkis plans to keep 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
  • 103
    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 $2,500 helped Sarkis to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2010
Listed
May 12, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2011