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Samir is a 50-year-old married man and a father of 6 children; he has been selling detergents since 19 years ago. He likes his work and puts as much effort to improve and expand it as much as he can. Samir previously took a loan from Kiva’s partner, Al Majmoua, and he was very satisfied with the credit because he was capable of buying everything he needed.

Samir is applying for his second loan from Al Majmoua in order to increase his merchandise with newly released goods and special offers that will increase his income and improve his standard of living.

With this loan, Samir will be able to serve the increasing demands of his customers better.

In the future, he is planning to further diversify his store and attract new customers.

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
  • 171
    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 $3,000 helped Samir to increase his merchandise with newly released goods and special offers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Jan 12, 2013
Currency Exchange Loss:
Jul 17, 2014