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Hussein
Hussein is a 57-year-old married man. He is a father of three children, and has worked as a blacksmith since 25 years ago.

Hussein is an expert in his field; he is a hard worker who devotes his whole life for the sake of his family and business. Hussein improves himself and his work a lot; he works hard on it all the time, especially through updating his tools and machines used. That's why he requested a loan from Al Majmoua to buy new tools necessary to make his work easy and with good quality.

Hussein has been an Al Majmoua borrower for two consecutive loan cycles, with a good history. He has a good quality of work with the best price given. Hussein is also going to help his son with building his house.

He hopes he can expand his shop more in the future to take more requested projects.

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
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hussein to buy new tools necessary for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2011
Listed
Sep 9, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012