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Husein
Husein is a 42-year-old married man and father of six children. He has been working in selling cars' used hardware for 21 years. Husein is a hard worker; he is specialized in German cars' needs. He is well-known in the region for the good quality he provides to his customers. Husein is applying for a loan from Kiva's partner, Al Majmoua, in order to buy an air compressor and a power generator necessary for his business.

This is Husein's second cycle as an Al Majmoua borrower; he was so happy with the previous experience because it came with a positive impact to his business, which reflected on to his family's social and financial situations.

Husein hopes to keep on expanding his business and replying to his customers' needs as much as he can by increasing his merchandise with everything his customers might request.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,205,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Husein to buy an air compressor and a power generator necessary for his business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013