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Hussein
Hussein is a 43-year-old man from Lebanon. He lives with his wife and their six children. Since 2006, Hussein has been working as a drinkable water distributor and supplier in his town. He's very famous in his town and known by his good reputation. He has a good number of clients who are from his region.


Today, Hussein is asking for a loan to purchase a water fill machine. This is his third cycle, and he has always paid on time. His previous loans allowed him to purchase water coolers for his project. He's planning to improve his work and expand his business into other areas.

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,963,200
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hussein to purchase a water fill machine.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2012