Check out some available loans that are similar to this one!
Hanzal

Update on Hanzal

Hanzal is a 28-year-old single man, who has been working in his convenience store since 2000. His store is necessary in his village since they don't have malls or larger stores.

He has a very good reputation, he works hard to preserve it as much as he can. He has a good repayment history as an Al Majmoua borrower for four consecutive cycles. Hanzal has a good chance to expand his future loans a lot.

Hanzal is benefiting from this opportunity to expand his business through increasing his merchandise by applying for a Youth Loan from Kiva partner Al Majmoua. This loan will help him provide his customers with special spring and summer beverages.

Hanzal is a hard worker, he is still planning to expand his business more and more into the wholesale trade in the future. In the meantime he is concentrating on expanding and increasing his present store's capital and income.

Previous Loan Details

Hanzal is a 27-year-old single man, who has been working in his grocery store since 2000. His store is necessary in his village since they don't have malls or wider stores. Hanzal is benefiting from this opportunity to expand his business through increasing his merchandise by applying for a Yout... More from Hanzal's previous loan »

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Lebanon

  • $15,800
    Average annual income
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,090,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Hanzal to increase his business merchandise with special spring and summer beverages.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
May 5, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Hanzal. It was first posted on Kiva on May, 2012. Learn More