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Hussein
Hussein is a 27-year-old married man living with his wife and their two children in Lebanon. He's a skillful hairdresser, having many years of experience. In 2003, he opened his own barbershop in his hometown. This man caters to a wide range of clientele in the village and its neighborhoods.


Today, Hussein wishes to improve his barbershop by changing the decor, repainting it, and purchasing a new seat. This is his second cycle, and he has always reimbursed on time. His previous loan allowed him to become the owner of his shop and stop paying rent. Hussein is certain that, with the help of the loan, his business productivity will increase, and he will be able to collect more savings for his house. He also plans on increasing his merchandise, which includes shampoos, gels, and sprays, so that he can attract more clientele.

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
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,091,775
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Hussein to change the decor of his shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012