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Safi
Safi is a 50-year-old married man and father of two children. He started a new business a year ago to make a better living for his family. Safi opened a small shop where he sells fresh chicken, which are healthier and more requested in his region than frozen ones. He previously worked in construction, specializing in painting. Safi did not stop this business, but added the new business to provide more income for his family. He is an expert in both fields.

Safi is requesting a loan from Kiva partner A. Majmoua to increase his capitA. for his chicken business. He aims to sell the chickens at a competitive price. This loan is his first experience with a Kiva partner. He hopes the loan will help him expand his business further to open a small sandwich shop that he will make into a big restaurant 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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Safi to increase capital for his chicken business so he can sell at a competitive price.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 5, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012