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Melhim
Melhim is a 31-year-old married man from Lebanon who has owned a barber shop since 1999 that he opened in his hometown. He's an experienced hairdresser, having more than ten years of experience. He caters to a wide range of clientele in the village and its neighborhoods.

Today, Melhim wishes to improve the decor of his barber shop and buy new tools for his work. He will also increase his merchandise such as shampoos, gels, sprays, etc. In order to do so, he is requesting a $1,500 loan.

Melhim is certain that, with the help of the loan, his business productivity will be increased, as well as his income. In the future, he plans to expand his shop by putting in a sauna, jacuzzi and more for his clients.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Melhim to improve the decor of his barber shop and buy new tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2010
Listed
Jun 15, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011