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George
Georges is a 25 years old single man working as a barber since 2008. Georges is requesting a loan for the first time from Al Majmoua in order to improve his shop, buy necessary materials, and prepare himself for the Holy season. Most of his clients turn into best friends, and that’s what special in his personality. All of his clients speak about his honesty and friendliness. Georges hopes to expand his business through adding a beauty institute to his business.

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
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,700 helped George to improve barber shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012