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Hussein
Hussein is a 19-year-old single and ambitious man, having specialized in Arabic desserts and sweets for 5 years. He started his own business 3 years ago and is very thankful with the level he’s achieved untill now. Hussein is requesting his first loan from Al Majmoua in order to buy necessary machines, such as an oven, a blender and a pastry mixer, to improve his business. Hussein’s clients are from all over and they are assured of his best tasting items. Hussein insists on expanding his business by opening other branches soon.

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
  • 138
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hussein to buy necessary machines to improve his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2010
Listed
Nov 30, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012