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Mazen
Mazen is a 49-year-old, married father of two children. He has been running a menswear store for 17 years now. Mazen has been successful in this business due to the unique clothes he sells, his competitive and market-responsive prices, and his excellent attitude toward his customers.

Mazen is applying for a loan with Kiva’s Partner, Al Majmoua, to finance his store’s clothing purchases. He aims to expand the business and grow more revenues to eventually open up his own shop. Mazen has devoted all his life to his family. Through owning his own business, he is able to secure a permanent source of income to maintain a good standard of living for them.

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
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,000 helped Mazen to finance his store’s clothing purchases.
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
N/A
Expired:
May 24, 2012