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Hussein
Hussein is a 46-year-old single man who has been selling coffee since 2010. He is a hard worker who tries his best to struggle for his living. Hussein is a well-known man, with good client service and he serves quality coffee. Hussein has been an Al Majmoua borrower for two consecutive cycles. His previous loan was used to improve his business and it had a positive effect on his social and financial situations. This time he's requesting the loan to buy a new espresso machine, in addition to increasing his tobacco capital. Hussein is working hard to expand his business, through increasing his machines and capital, and hopes to expand his place to a wide coffee shop, that attracts different populations.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hussein to buy a new espresso machine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2011
Listed
Aug 6, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013