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Ihab
Ihab is a 38-year-old married man. He has been fixing and selling watches for 10 years. This lengthy experience has earned Ihab the trust and support of his customers.

Ihab is a hard-working man. He started introducing new products to his shop, such as stationery & toys. This is good for his daily income and will reflect positively on his social and financial situations.

Ihab is requesting a loan from Kiva partner Al Majmoua in order to improve his business through introducing new products to his customers. He will increase the different models of watches he sells as well as increase his selection of toys and stationery.

He is sure that this loan will help a lot in improving his family's and business situation. Ihab hopes to open another branch in the future, and he hopes it will be bigger and more productive.

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
  • 81
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ihab to improve his business by introducing new products to his customers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Mar 25, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013