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Abbass
Abbass, a 45-year-old married father of four children, has worked as a blacksmith for 30 years. A hard worker, Abbass is well known in the region and enjoys a good reputation for the quality of his work. He opened his own workshop in 2004 and employs two people to help him meet customer needs.


Abbass is requesting a loan from Kiva partner Al Majmoua in order to buy iron for manufacturing. He hopes to keep on expanding his business as much as he can to support both his family and his employees' futures.

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abbass to buy iron for manufacturing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2012
Listed
Jul 26, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013