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Diab is a 29-year-old married man living in Tayouneh with his wife and three children. Diab has owned a laundry since 2007, and he has 12 years of experience.

Diab is a hard worker. His family is his main concern, and he struggles for their happiness and security.

Diab is requesting a loan from A. Majmoua for the first time, in order to buy new machines for his business. Diab would like to expand his business and improve it to a more updated style. Most of his clients are single, students and employees. His prices are affordable.

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
  • 136
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Diab to buy new machines.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 27, 2010
Jan 4, 2011
Currency Exchange Loss:
Apr 21, 2012