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Ibrahim
Ibrahim is a 53-year-old married man living in Bint Jbeil with his wife and 9 children. Ibrahim has owned an entertainment shop since 2005, where friends, neighbors and relatives come and spend joyful time playing billiards. He also owns a small grocery store, catering to the same clientele. He used to work as a taxi driver but he insisted on changing his family's way of living by changing his business. Ibrahim is requesting his first loan from Al Majmoua in order to increase his grocery store capital and to add new entertainment machines to his shop. Ibrahim hopes to expand his business by adding more games such as Play Stations.

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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ibrahim to add new entertainment machines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2011
Listed
Mar 23, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012