Check out other loans that are currently fundraising!
Abdallah
Abdallah is a 54-year-old married man, who has been working in manufacturing and selling handmade accessories and bags since 2002. Abdallah works with his wife to expand and improve their work environment. They work from home to take care of their beloved children and at the same time save money to increase and expand their capital.
He is a loving father, he shares the responsibilities with his wife of taking care and raising her two children from a previous marriage as if they were his own kids, and at the same time their little daughter. Abdallah is very strict about their products quality; they work so hard to please their customers in order to keep on expanding their business in a well-managed way.
Abdallah is applying for a loan from Kiva's partner Al Majmoua, it will be his ninth cycle as a Al Majmoua borrower with a perfect repayment history. He is requesting this loan in order to buy necessary wool for his new handmade winter purse collection. He hopes to expand their business in the future to make sure that their children will have a better life.

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
  • 50
    View loans »
    Lebanon Loans Fundraising
  • $14,755,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Abdallah to buy necessary wool for his new handmade winter purse collection.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 18, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014