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Abbass is a 33-year-old married man and the father of two children. He has worked as a carpenter for 17 years. This experience gives him a very important advantage among others in the same field. He is an expert in his business, specializing in furniture making, and he's always up to date with new designs and colors to keep his customers happy, relaxed and able to choose anything they want.

He is requesting a loan from Al Majmoua, a Kiva partner, for the first time, in order to buy an important machine that will help in making any design in a very short period of time and with the best quality to be given. Abass hopes to expand his business more and more through buying new improved machines and moving to a larger place at the same time.

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
  • 83
    View loans »
    Lebanon Loans Fundraising
  • $16,072,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Abbass to buy a new machine for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 29, 2011
Aug 29, 2011
Currency Exchange Loss:
Sep 15, 2012