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Izzat
Izzat is a 51-year-old married man and father of five children. Izzat opened a grocery store as his lifetime business to provide a good living for his family. As life started to be difficult for him financially Izzat thought of starting a new extra business to help to improve and increase his income. He decided to open a small espresso zone in his shop, where he sells coffee, tea, and the popular Hooka for rent, as it's used these days. To take this step Izzat requested a loan from Al Majmoua, a Kiva partner, and it brought a very good income.

Now Izzat is requesting a loan from Al Majmoua to increase his shop's merchandise with goods requested by students and those important for the winter season. It will be his second cycle as a borrower.

Most of his customers are neighbours and villagers, who support him to raise his children in a good environment.

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
  • 89
    View loans »
    Lebanon Loans Fundraising
  • $15,270,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Izzat to increase his shop's merchandise for the school and winter season.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2011
Listed
Oct 10, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012