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Toufic, 21, is a single man who has been working in the mobile phone sector for five years. He started working early because he had to contribute to his family's income to cover part of their expenses, which he still does.

Toufic is requesting his third loan from Al Majmoua to use as capital for mobile phones and accessories for the summer season, since many tourists visit his region and he has to be ready for their needs. He has a good reputation and provides the best customer service, starting with the peaceful smile he draws on his customers faces from the moment they enter his shop.

Toufic is a good-standing borrower. He hopes to expand his business and open a new branch 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

  • $15,800
    Average annual income
  • 141
    View loans »
    Lebanon Loans Fundraising
  • $16,678,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Toufic to capitalize his mobile phone business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 17, 2011
Jul 15, 2011
Currency Exchange Loss:
Oct 15, 2012