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Tannous
Tannous is a 50-year-old married man and the father of one child. He works in selling special foods & goods through distributing them with the help of his lovely car among villages all over his region. He is a hardworking man, and he sells different goods to meet with his multiple clients' choices and habits. Its been 36 years since he started this business, and it's going on just fine.

He is requesting a loan from Kiva partner Al Majmoua, in order to increase his spring-summer merchandise with special drinks and goods requested in this season. He has already experienced Al Majmoua loans before and they had a pleasant effect on both his social and financial situations. At the same time, he was a borrower in good standing. Tannous is willing to expand his business more and more in the future.

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
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Tannous to increase his merchandise with special spring-summer drinks with special discounts.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2012
Listed
Mar 13, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013