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Kassem
Kassem is a 45-year-old married man and the father of four children. He has been the owner of a vegetable shop for 15 years. This is Kassem’s only source of income and he works hard to support his family. Kassem is applying for a loan from Al Majmoua-Kiva for the first time, in order to improve his shop by investing in special tables to display his vegetables. He will also purchase highly-requested vegetables that he has not been able to afford.
Kassem hopes to expand his business in the future through starting in wholesale trade and developing a good inheritance for his children.

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Kassem to increase the stock for his vegetable store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2011
Listed
Oct 25, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012