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Abass
Abass is a 36-year-old married man from Lebanon. He has two children. Since 2008, he has been working as a car cleaner. Abass has requested a loan from Kiva partner, Al Majmoua, in order to purchase a cleaning machine for his work. This is the first time that he has requested a loan. His clients can be anyone.

When Abass first started his business, he was lucky not to face difficulties. He decided on opening his business because he realized that it was needed in his region, as well as because he wanted to improve his family's financial situation. He hopes to continue to improve his business, as well as be able to provide the best education and life to his children.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Abass to purchase a cleaning machine for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2010
Listed
Jun 14, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011