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Omar
Omar, a 50-year-old married father of two children, works hard for the sake of his family, operating more than one business at a time. Omar has worked in the construction field since 1980, selling stone rocks that are highly valued in his business for the exterior beauty they provide buildings. He also works in agriculture, planting and selling apples and kidney beans. He has also started a bread business.

A borrower in good standing, Omar is now requesting his second loan from Al Majmoua, his first one having enhanced his social and financial situation. The loan will be invested to improve his bread business, through buying big quantities and selling them in a wider region. Omar hopes to keep on expanding his businesses in order to continue raising his children in a healthy and educated 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
  • 67
    View loans »
    Lebanon Loans Fundraising
  • $15,673,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Omar to improve his new bread business, through buying big quantities and selling them in a wider region.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 16, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012