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Mostafa
Mostafa is 58 years old and the married father of four children. For the past 41 years, he has worked making furniture. His extensive experience has earned his clients' trust and recommendations among his competitors. Mostafa opened his own factory in 1976 and has been developing and improving his business through the years.

Mostafa is requesting his third loan from the Kiva partner Al Majmoua to buy necessary wood to improve his furniture designs and increase his business. In the future, Mostafa hopes to continue to expand his business and provide a good heritage to his children for their 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

  • $15,800
    Average annual income
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,078,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mostafa to buy wood to improve and expand his furniture business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2011
Listed
Jun 2, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012