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Hussein
Hussein is a 36-year-old married man with four children. He sells food supplies, seeds, charcoal, fruits and groceries. He started this business 10 years ago.

This is Hussein’s second loan cycle with Al Majmoua. He took a loan the first time in order to improve his income to cover his expenses, now he decided to apply for the second loan in order to buy necessary merchandise for his shop so that he can fulfill clients’ needs with a greater assortment of products. He and his family thank you for your support.

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    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 buy necessary merchandise.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2010
Listed
Jul 27, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2012