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Medhat
Medhat is a 44-year-old married man and father of four children. After 12 years of experience in the retail business, he opened up his own store in 2001, selling electric parts and sanitary products. Since then, he succeeded in building a good reputation in the market due to the high quality and variety of his offerings.

Medhat is applying for a loan from Kiva’s Partner, Al Majmoua, to increase his stock of products in the store. He is very satisfied with the assistance the microfinance loans provide him in developing and expanding his business. In raising his supply, Medhat will have the capacity to sell more and thus generate more income to support his family.

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
  • 47
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,000 helped Medhat to increase his stock of products in the store.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 29, 2012
Currency Exchange Loss:
N/A
Expired:
Jun 28, 2012