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Bassam is a 46-year-old married man living in Tayouneh with his wife and child. Bassam has owned a laundry shop since 1997, and has gained 16 years of experience. Unlike most dry cleaning shops in his area, Bassam provides special customer service, according to most of his customers, who are his neighbors, friends, relatives, employees and tourists. Bassam is requesting his fifth loan from Al Majmoua in order to perform necessary maintenance on his machines. Bassam’s previous loans were so positive and effective for his business that they helped improve his family’s social and financial situation. Bassam hopes to provide a secure and healthy living for his family and to start a new business selling clothes. He was a car dealer for a long time.

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
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Bassam to perform necessary maintenance on his machines.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 27, 2010
Jan 1, 2011
Currency Exchange Loss:
May 17, 2015