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Hussein
Hussein is a 41-year-old borrower from Lebanon. He lives with his wife and their four children. Hussein has been working in the sanitary field. He says that he is trustworthy and punctual about his appointments. His clients are people from his region.

Hussein says that one of his challenges is to purchase new and more sophisticated tools, and that his old tools have been a drawback for him especially with new constructions and architecture. That is why, today, for the first time, Hussein has requested a loan from Al Majmoua in order to purchase new tools that will be more adapted to his work conditions and will help him improve the quality of work he provides. He hopes for the future, to have the best new tools and become more competitive with them.

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

  • $15,800
    Average annual income
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hussein to purchase new tools.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2010
Listed
Jun 14, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012