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Samir
Samir is a 40-year-old married man and father of two children. He has been working in the food business for 20 years. In 1995 he opened his own restaurant and since that time he is working hard on improving and developing it.

Samir's restaurant is located on the main road where anyone can pass by and experience his makings.

Samir is applying for a loan from Kiva partner Al Majmoua in order to buy two power generators necessary for his business and family living. The first one will be used at his restaurant to keep everything fresh and healthy, to keep the electricity available for the customers, and to make his work easier.
The other one will be settled at home, for his family's benefit. It would enable them to live a normal living that anyone must have, since electricity is currently a problem with no solution in Lebanon.

Samir hopes to move to a wider shop in the future which will help him work easier and faster and increase his production.

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
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Samir to buy a power generator for his restaurant and one for his house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 19, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014