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Hasan is a 54-year-old married man and father of three children. He has 20 years of experience as a baker, but he opened the existing bakery five years ago. His work is going on just fine, but it is not enough to afford all of his family's needs; that's why he is planning to start an additional business.

He is applying for a loan from Kiva's partner Al Majmoua in order to open a butcher shop, which will surely be relevant and a complement to his existing business.

His customers can be anyone in need of such products; that's why he has to keep on improving his production to attract more customers. To move the plan forward, he elects to expand his work.

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
  • 142
    View loans »
    Lebanon Loans Fundraising
  • $17,449,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hasan to open a butcher shop in addition to his bakery.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 13, 2012
Oct 4, 2012
Currency Exchange Loss:
Jan 17, 2014