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Hasan is a 27 year old single man. He has been in the cardboard industry since 2006 and has 10 years of experience. Hasan is requesting a loan for the second time from A. Majmoua; he will use this loan to buy used cardboard to store for recycling in the future. Although at the beginning he faced problems because he wasn't experienced in his field, now everything is turning better. Hasan hopes to expand his factory in the near future to a bigger one.

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hasan to buy used cardboard to store for recycling in the future.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 25, 2010
Oct 25, 2010
Currency Exchange Loss:
Dec 15, 2011