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Husein
Husein is a 62-year-old married man and father of four children. He has owned his convenience store for more than 15 years, developing wide experience and a good reputation. Husein offers a broad range of foodstuffs from yoghurt to cheese, chocolate, candy, oil, soft drinks and canned food among other things.

Husein is applying for a loan from Kiva’s Partner, Al Majmoua, to buy ice cream and Fruit Frisco machines. Since the summer is quite hot in his village, having these machines will allow Husein to meet the demand of his customers, especially children, and make more money. Husein is always keen on expanding his trade, expanding the variety of his products and better servicing his customers.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Husein to buy ice cream and Fruit Frisco machines.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013