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Abass
Abass is a 33-year-old single man from Bint Jbeil who has been working in construction since 2000. He specializes in cement work. Abass is requesting a loan from Al Majmoua for the first time to buy a crane that will make his work easier. Abass's first loan was of good benefit for his business and he hopes that this one has the same or greater benefit. What's special is that he doesn't limit himself to cement construction but also works in almost every kind of maintenance. His clients enjoy working with him; most of them agree that what keeps them dealing with him is his personality and joyful sense of humor. He's fast and works strictly to his due dates to meet the clients' demands. In the future he hopes to own his own construction machines, in particular a cement mixer.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • 1,500.1
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Abass to buy a crane necessary for his business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 11, 2010
Listed
Oct 20, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012