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Abbass is a 25-year-old married man from Lebanon who lives with his wife and two children. Two years ago, he opened a small shop where he started selling mobile phones, cosmetics, and perfumes. The young man's newly-started business needs so much support to move forward. So today, he is requesting to borrow $3000 from Kiva partner Al Majmoua to increase his store’s inventory of recharge cards and to add necessary decoration to keep his shop attractive to new customers. This is Abbass' fourth cycle as Al Majmoua borrower. His previous loans reflected positively on his business growth and on his family's social and financial situations. He notes that the loan will help him fulfill his objectives and will positively impact his business growth and development the same way as the previous ones did.
His shop is located next to a hospital, which provides him with an increase in the number of customers, and is not dependent on the villagers and neighbors. He hopes to keep on expanding his business to provide his family with the good standard of living they deserve to have.

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
  • 128
    View loans »
    Lebanon Loans Fundraising
  • $17,359,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Abbass to increase his store inventory by adding a new mobile phone and accessories collection, and to add necessary decoration.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 22, 2011
Sep 16, 2011
Currency Exchange Loss:
Dec 15, 2012