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Hassan
Hassan is a 39-year-old married man and father of three children. He has been working in a coffee shop for two years to make his living and cover his family's expenses.
Hassan is a hardworking man, he puts so much effort into improving his family's living and developing his business.
Hassan used to work as an employee in a gas company, but he thought of starting his own business to increase his income.
This is Hassan's third cycle as an Al Majmoua borrower. His previous loans helped him a lot in developing his new business.
Today his present loan will be invested in his business too, he will increase his business merchandise and replace his espresso machine by buying a new upgraded one.
He hopes to keep on expanding his business and to open another coffee shop in the future.

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
  • 38
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hassan to increase his business merchandise and replace his espresso maching with an upgraded one.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014