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Hicham
Hicham is a 49-year-old married man and the father of one child. He has worked in a food business for a long time. He has a special soybean and hummus restaurant, which is a traditional Lebanese breakfast requested by almost everyone on a special Sunday morning.

Hicham is applying for a loan from Kiva partner Al Majmoua in order to buy a new refrigerator, a hummus mill, and to print the restaurant's name on both tissue papers and plastic bags. This is Hicham's first cycle as an Al Majmoua borrower, and he hopes that it will bring him good luck through indirect marketing and good taste. He hopes to open another branch 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
  • 80
    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 $1,500 helped Hicham to buy a new refrigerator, a Hummus mill, and to print the restaurant's name on both tissue papers and plastic bags.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
Jun 12, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013