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Basem
Basem is 36 years old and married with two children. He paints workshops and homes for a living, and also sells used clothing. He has five years of experience in these businesses. He likes his work, and he has a strong work ethic. He is ambitious and diligent in his work. He works in order to improve his and his family's financiA. situation and sociA. status. He strives to provide well for his family by working in a number of different fields, as he is having difficulty obtaining the materials he needs to run his primary business, which is painting homes and workshops. With a loan from A.-Majmoua, he would like to buy both new equipment, and also used clothes so that he can benefit from the revenues he generates by selling them. He aspires to change his materiA. situation by expanding his business and increasing his productivity.
باسم عمره 36 سنة متزوج وله ولدان يعمل في دهان الورش والمنازل وبيع الألبسة المستعملة له في عمله 5 سنوات يحب عمله ويعمل بجد هو طموح مكب على العمل يعمل حتى يتمكن من تحسين وضعه ووضع عائلته المادي والاجتماعي يسعى الى تأمين لقمة العيش من خلال عمله في عدة مجالات فأنه يعاني من صعوبة مادية في دعم عمله الاساس وهو دهان الورش والمنازل يريد من خلال طلب قرض من المجموعة الى شراء عدة جديدة ودفع ثمن بعض الملابس المستعملة حتى يتمكن من بيعها والاستفادة من ثمنها يطمح في تغيير الواقع المادي له من خلال توسيع عمله وزيادة انتاجه

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
  • 76
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Basem to buy new equipment for his painting business .
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012