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Housam
Housam is a 26-year-old single man who owns a bakery. He lives in Tyre and opened his shop in 2007. His bakery is in front of the general hospital; therefore, his customers are hospital patients, employees and neighbors. He offers very affordable prices.

This is Housam's third loan. He reports that the previous ones helped him support his business, which in turn allowed him to build his own house. Housam is requesting a loan from Al Majmoua in order to reinforce his sales by increasing his stock of flour and oil. He also wants to finish building his house. In the future, Housam wishes to open a new branch and to help his brothers by hiring them at the bakery.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Housam to increase his stock of flour and oil and to pay for house maintenance.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2012