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Abbas
Abbas is a 38-year-old married father of three: Moustafa (8), Ahmad (7) and Mohamad (3). He's known as Abou Moustafa is his region. Abbas has been selling lupine seeds, beans, and corn for the last 27 years. Abbas was too small when he started working to help in his family's income and expenses.

He drives his carriage through many villages to sell his tasty cooked beans, corn, and lupine. Most of his customers are attracted to him through their kids who are the first advertisement for this tasty thing to eat.

Abbas's favorite place to sell his goods is beside the seashore where most of the citizens go to spend a pleasurable time with their kids.

Abbas is requesting a loan from A. Majmoua for the fifth time, in order to increase his goods, which will lead to an increase in his income. Abbas stated that he'll buy these goods at a very good price which will help in increasing his profit rate.

Abbas hopes to be able to open a shop beside the seashore so that he can expand his business more and more in the future, and provide his children a happy childhood unlike the one he had.

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
  • 83
    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 $1,500 helped Abbas to buy ingredients in bulk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Apr 18, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 18, 2012