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Yasser
Yasser is a 47-year-old married man and a father of six children. He has been working in furniture painting for 12 years.
Yasser has a good reputation and his good work attracts new customers.
Because of the hard financial situation he is facing to fulfill his family's needs, Yasser is working on starting an additional business to cover almost all of his family's expenses, which is why he applied for a loan from Kiva's partner Al Majmoua.
Through this loan, Yasser will open a convenience store in his village. This new business will surely improve his family's living, and will reduce the pressure on him.
He hopes to expand his store to a supermarket 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

  • $5,900
    Average annual income
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $15,359,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Yasser to start a new business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014