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Elyas
Elyas is a 42-year-old married man. He has owned a sports-clothing shop since 2005 and has many years of experience in this occupation. He sells all type of sports clothes and shoes, as well as sports accessories.

When he first started, Elyas challenged some financial issues. He decided on opening his shop because he saw a need in his region for such a shop. His clients can be anyone, but mainly they are his friends and neighbors.

Elyas has already taken advantage of a first loan from Al Majmoua and he's pleased with his decision to take his second. He has been very punctual with his repayments and has repaid his entire loan on time.

Today, Elyas has chosen to take a new loan of $3,000 to increase his selection of sports clothes in order to increase his sales and so his income. He hopes to further expand his business by opening a second sports shop.

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Elyas to increase his selection of sports clothes.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2010
Listed
Jun 15, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012