Check out some available loans that are similar to this one!
Hussein
Hussein, a 48-year-old married father of three children, has owned and operated with the help of his wife a small restaurant since 2005. Hussein sells chicken and Falafel sandwiches, the latter of which "can be served as veggie burgers too since they have the same shape but instead of meat, pork, fish or chicken, they are made of ground broad beans and chickpeas with special herbs and spices to provide a special flavor". His customers can be both local villagers and foreigners passing through to other villages.



Working hard on improving his business, Hussein has requested a loan from Al Majmoua in order to buy a grill and a freezer for his restaurant. The grill will help him cook special chicken sandwiches with various flavors, and the freezer will help to preserve the freshness of his Falafel mixture for several days.



Hussein's plans for expansion including enlarging his restaurant in order to accommodate more customers.

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
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,295,425
    Funds lent in using Kiva
  • 1,503.2
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Hussein to buy a grill and a freezer for his business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Sep 15, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2013