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Hassan A. is 37 years old and lives in the suburbs of Beirut, where he makes a living cutting and styling men's hair. In the past, Hassan has received two loans from Al Majmoua. The first was to pay expenses associated with opening his business, and the second to develop it. Now he has come to us for a loan of $1,200 to buy more equipment, such as a chair in which to cut and style people's hair. This loan will allow him to expand his business. Hassan has always succeeded in repaying his loans on time.

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
  • 126
    View loans »
    Lebanon Loans Fundraising
  • $16,611,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Hassan to buy equipment for a barber shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 21, 2008
Jul 1, 2008
Currency Exchange Loss:
Aug 15, 2009