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Majed
Majed is a 39-year-old married man, the father of three boys, who lives in Saida with his precious family. Majed has worked as a furniture maker since 1985. He specializes in furniture covers and sponge, the second step in furniture making, after wood design and pasting.

Majed is requesting his fourth loan from A. Majmoua, to buy sponge, wood and textiles needed for his business. Majed is a borrower in good standing. His previous loans helped in opening a new business for his wife. This supplemented their income and helped cover the family's expenses. He hopes to expand his business more in the future and provide his children with the healthy activities that every child needs.

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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $15,275,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Majed to buy sponge, wood and textiles.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Apr 23, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012