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Hassan
Hassan is a 53-year-old married man from Lebanon who is the father of seven children. He runs a taxi business and has over 28 years of experience as a driver. In Lebanon, it is common to use taxi services to go between neighborhoods in a given town as well as to travel between different regions. These services are especially important in areas where the infrastructure is less developed, which is true for most of the towns outside of Beirut and its suburbs.

Today, Hassan is asking for a loan from Kiva partner Al Majmoua to buy a new car for his business. His previous loan allowed him to perform much- needed maintenance work on his taxi’s engine and body so that he could continue to offer comfortable transportation service to his customers.

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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Hassan to buy a new car for his taxi business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012