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Abbass is a 35-year-old married man with no children. He works in construction and specializes in cement work. His business is going on fine but he needs a little update in his tools. That's why Abbass applied for a loan from Kiva partner Al Majmoua in order to buy the necessary tools for his business.

Abbass is a hard worker. He is well-known in the region and has 23 years of experience in this field. He was only twelve years old when he had to start working in order to help his parents earn their living. He had a hard childhood which he hopes he won't let his family suffer from in the future. He hopes to open a big construction company 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

  • $15,800
    Average annual income
  • 129
    View loans »
    Lebanon Loans Fundraising
  • $16,664,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Abbass buy tools for his cement business.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 16, 2012
Apr 20, 2012
Currency Exchange Loss:
May 20, 2012