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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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $15,281,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Ended with Loss - Defaulted
A loan of $2,500 helped this borrower to purchase gardening materials and set up a flower nursery.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
N/A
Defaulted:
Jan 30, 2013