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Asaad
Asaad is a 43-year-old married man and a father of 3 children. He owns a grocery store, which has been the only source of income for the family since 1997. He is well-known for his good morals and nice treatment of customers. He has requested a loan from Kiva partner Al Majmoua to buy special-offer products, in order to keep on pleasing his customers. Asaad has been an Al Majmoua borrower for 18 consecutive cycles, which have had a clear effect on his business development. Through this loan, Assad will be able to increase his profits by adding new products. He is always looking forward to expanding his store more and more.

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
  • 136
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Asaad to buy special-offer products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 11, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013