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Hussein
Hussein is a 36 year-old married man living in Bint Jbeil with his wife and five children. Hussein has owned a floor tile factory since 1999. Hussein wants to secure his family's way of living. He is requesting a loan from Al Majmoua so he can buy a generator to provide his factory with the necessary electricity, because electricity is a major problem in his region. This new machine will provide him with the necessary electricity, which will improve his work and increase his production.

Hussein is ready for any additional business that can improve his living conditions. His clients are his neighbors, villagers, and neighboring villages.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • 1,503.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Hussein to buy a generator.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2010
Listed
Sep 14, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012