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Hassan
H. is a 57-year-old married man, father of three children, living in Saida. H. has worked by trading in generators since 1990. He's well known in the region for selling good quality engines and providing the best customer service. He works hard to improve his business, which is very much requested in the region because of the electricity problems from which they suffer.

H. has been an Al Majmoua borrower for three consecutive cycles. All of his loans were invested in his business as will be the case this time. His loan will increase the number of engines that he has so he can increase his capital and increase his income. His previous loans had a big impact on his business and on his family's social and financial situation. Most of his customers are businessmen and constructors, in addition to people who work hard at having electricity 24/7.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Hassan to buy generators to increase his trade.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2011
Listed
Jul 3, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012