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Hachem
Hachem is a 54-year-old divorced man, who has spent his whole life taking care of his three children. He was father, mother and friend all at the same time.

Hachem is a hardworking man, sacrificing himself for his children's best interests. He has owned a specialty home products and gift shop since 1995. It's his only source of income and that's why he invests a lot in it to give him back what he's seeking.

Hachem's shop needs some necessary maintenance to be done, in addition to expanding his product range with a new released collection, and that's why he applied for a loan from Kiva partner Al Majmoua to obtain requested needs.

It's his fourth cycle as an Al Majmoua borrower, and he describes his experience as a smart step taken to move forward. He hopes to keep on improving his business as much as he can.

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
  • 31
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Hachem to do necessary maintenance to his shop, and to expand his product range with a new collection.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2011
Listed
Dec 30, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012