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Magid
Magid is a 35-year-old single man living in Dahieh. Since 1993, he has owned a grocery store. He is a hard worker who is beloved by all his neighbors and friends, many of whom are his customers.

Magid is requesting his third loan from Al Majmoua to add summer products such as ice-cream and cold drinks to sell and increase his business capital. He will also use his loan to fully repay a loan on his new car. Magid hopes to expand his business in the future and he is also planning to start his own small family.

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
  • 78
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Magid to add summer products such as ice-cream and cold drinks to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2011
Listed
May 2, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012