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Kazem
Kazem is a 41-year-old single man who has been working selling mobile phones, accessories and recharge cards since 2008. In 2012 he opened his own mobile selling shop, to improve his living and increase his income. His business is developing slowly, that's why Kazem has to increase his product diversity to respond better to his customers needs.
Kazem is a hard working man who puts so much effort into pleasing his customers and developing his business. Because of the lack of cash, he applied for a loan from Kiva's partner Al Majmoua, to increase his stock of mobile recharge cards in order to increase his income and develop his business. He has many future plans, and he will try his best to make them come true. He is planning to open a bigger 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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Kazem to increase his stock of mobile recharge cards in order to increase his income and develop his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2013
Listed
Mar 7, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013