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Jihad
Jihad is a 46-year-old married man, living in Chtoura with his wife and three children. He opened a grocery store a year ago and he's improving it little by little. Jihad is requesting a loan for the first time from Al Majmoua, in order to increase his business capital by adding new detergents and perfumes. He is doing his best to improve and he believes that this loan will be his first step towards proving that.

His clients are his neighbors and relatives. He suffers from competition that's why he wants to add new products and make his prices attractive to new customers. Jihad aims to improve and expand his business in the future and hopes to achieve that soon.

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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Jihad to increase his working capital through adding new detergents and perfumes to his inventory.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Apr 7, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012