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Abbas
Abbas is a 42-year-old married man and the father of two children. He has manufactured glass and mirrors since 2009. He likes this business, and is willing to improve it and update his machines as much as he can. Therefore, he has requested a loan from Al Majmoua, Kiva's partner, to buy a new machine required to etch glass and a computer to help search for new designs or to design new ones.

Abbas works hard to provide his children with the best education and healthy lives. He works hard to improve his business. Most of his customers say that he has very good quality products and that his prices are affordable to anyone. He hopes to expand his business more and more 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
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • 1,513.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,975 helped Abbas to buy a computer and a special machine to etch on glass.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2011
Listed
Jun 2, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012