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Faysal
FaysA. is a 46 year old man who lives with his wife and his 5 children in Bekaa. FaysA. owns a grocery shop which is the main source of income for the family. FaysA. plans to spend the loan money on inventory in order to expand his business and offer a bigger variety of products to his clients. This is the first time FaysA. has requested a loan from A. Majmoua. He heard about the Institution through word of mouth.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Faysal buy Inventory for his grocery shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 18, 2007
Listed
Nov 1, 2007
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2009