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Hayel
Hayel is a 50-year-old married man who is the father of four children. He has been selling water and working in agriculture since 2000. His businesses are doing fine, but they are not enough to pay for his children's education expenses. That is why he is requesting a loan from Kiva partner Al Majmoua to pay for his children's education expenses.

Hayel is a hardworker and is well-known in his region. Most of his clients are from his region. His work in agriculture is seasonal. In the summer seaon, he sells water when the request for water rises.

Hayel plans on expanding his business in the future through the purchase of a wheat mill. He hopes to improve his business so he can keep on educating his children to higher levels.

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
  • 24
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hayel pay for his children's education expenses.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2011
Listed
Jun 1, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012