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Abbas (25 years old) has been employed for the past five years in a cellular phone shop. He is very earnest, diligent, and dynamic, as well as very eager to find ways to increase his salary. His customers hail from his circle of friends and his community. Given his good standing with Al Majmoua, Abbas wanted to seek another loan to purchase cell phone accessories. He ultimately hopes to own a large chain of such stores.
View original language description ↓
عباس في عمر 25 سنة يعمل في محل لبيع الاجهزة الخليوية يحب عمله له فيه اكثر من 5 سنوات يريد ان يتطور وان يزيد من
مدخوله الشهري فهو طموح وجدي في التعامل ما يميز عمله هو النشاط والتجدد في البضائع
له تاريخ جيد في المجموعة يريد من خلال طلب قرض من المجموعة الى شراء اكسسوار للاجهزة الخليوية ما يحلم به هو ان يصبح
من اصحاب المحلات الكبيرة له زبائن من محيطه ومحبيه

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
  • 99
    View loans »
    Lebanon Loans Fundraising
  • $16,099,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abbas to purchase cell phone accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 24, 2010
Jan 13, 2011
Currency Exchange Loss:
Feb 15, 2012