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Hassan
Hassan is a 38-year-old married man and is an owner of a grocery store. Hassan is a hard worker; he improves his living and his business. Through four loan cycles from Kiva partner Al Majmoua, he has been a good standing borrower and at the same time, they reflected positively on his social and financial situations.

Hassan is requesting a loan from Al Majmoua to start a new trade that will increase his income through selling mobile prepaid cards, which are highly requested in his area.

Hassan will also start distributing bread early in the morning to make sure that his family's needs are met. Hassan hopes to keep on expanding his business as much as he can through introducing new products to his 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Hassan to start selling prepaid mobile cards.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013