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Abbass
Abbass is a 39 year old single man. He sells clothes, shoes and even mobile phones in the region of Borj Barajneh. Abbass has some samples at home of the products he sells. He presents them to the neighboring shops and once he gets an order, he buys the required quantity from the wholesaler and gives it directly to the retailer. You can see him in this picture at home with a couple of clothing samples. Abbass needs a loan to buy the merchandise of the orders. This is the second time Abbass has asked for a loan from Al Majmoua. He is constantly investing in his business and trying to improve it.

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
  • 101
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • 1,503.2
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Abbass to buy merchandise for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 20, 2007
Listed
Dec 4, 2007
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2009