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Haidar
Haidar is a 39-year-old married man and father of five lovely children. He opened a grocery store three years ago and he's working hard on improving it as much as he can. Haidar is a hardworking man. His store is his only source of living. That's why it has to be going perfectly, to cover all of his family's expanses and at the same time to develop itself.

Haidar is requesting a loan from Al Majmoua to increase his tobacco capital in addition to canned products, which are highly requested in the autumn/winter season. That's because most of the villagers stay at home during this season and eat canned food most of the time.

Haidar is a motivated person. This is his second cycle as an Al Majmoua borrower. His previous loan was invested in his business and had a positive impact. This loan will sure to be the same, since he plans exactly what he needs to achieve.

One of his future plans is to turn his grocery store into a supermarket 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

  • $5,900
    Average annual income
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • 1,503.2
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Haidar to purchase tobacco and canned products for his store.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2011
Listed
Sep 14, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013