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Mehsen
Mehsen is a 47 year old entrepreneur from Lebanon. He is a father of four children. Mehsen has owned and operated a grocery store for a year. He decided on opening his store, because he wanted to improve his family's financial situation. He sells canned food, groceries, candies, chips, biscuits, juices, beverages and much more.

For the first time, Mehsen is asking for a loan from Al Majmoua, Kiva partner, to purchase merchandise and a fridge for ice cream. His loan will allow him to increase his stock, and therefore improve his income. He hopes to continue to improve his business in the coming year.

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
  • 43
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Mehsen to purchase merchandise and a fridge for ice cream.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011