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Bilal
Bilal is a 26-year-old single man living in Saida. Bilal has been selling and repairing mobile phones, sim cards and electronics such as DVDs and CDs for seven years. He opened his own business in 2004 and he's very proud that he took this step. Bilal is requesting a loan from Al Majmoua for the third time, in order to buy electrical & electronic appliances necessary to start a new business. It will take place at his mobile shop in order to grow step by step and open a new shop. Bilal is a borrower in good standing. He's a man with a good reputation and is recommended to deal with. He seeks the best for his family members and for friends.Bilal hopes to expand his business and to make a small family of his own in the future.

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
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Bilal to buy electrical & electronic appliances for his new business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2011
Listed
May 1, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012