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Hussein
Hussein is 34 years old, married and the father of two small children. For the last 14 years, he has earned a living by selling books and stationary in a store his father opened many years ago and worked very hard to improve. Today, the business is Hussein's major source of income and one reason why he is a loyal Al Majmoua borrower. He has taken out and repaid 10 previous loans, and has a reputation as a responsible and hard-working businessman. He is committed to provide his children with a good life and a top-notch education, and is applying for a new loan to make sure his store has the books and stationary required by most schools in his area. Hussein hopes to expand his business in the future by opening a second location.

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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    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 school books and stationary for the upcoming 2011-2012 school year.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2011
Listed
Aug 6, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012