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Houssam is a 34-year-old married man, the father of two children. He works in providing entertainment for teenagers, children and adults. He opened his entertainment games shop in April 2010, and it's all because he felt that it's the only safe place to gather such customers away from bad habits.

Houssam is a father and he cares a lot about the future of his children. That's why he works hard to improve his business through increasing his income to cover all their expenses and needs. He requested a loan from Al Majmoua in order to buy three X-Boxes and three TVs which will help in increasing his income and improving his social and financial situation.

This is Houssam's seventh loan cycle with Al Majmoua. All his previous loans have helped a lot in adding machines to his business and expanding it; at the same time he is a borrower in good standing.

He hopes to continue expanding his business, and hopes to open other branches 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
  • 142
    View loans »
    Lebanon Loans Fundraising
  • $17,427,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Houssam to buy new X-Boxes and TVs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jun 27, 2011
Jul 26, 2011
Currency Exchange Loss:
Aug 16, 2012