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Abed Al Salam
Abed Al Salam is a 57-year-old married man and father of two children. He has been working in furniture making since 1979. He is well known in the region for his good reputation and special talent and experience in his field. Abed Al Salam is applying for his seventh loan cycle from Kiva's partner Al Majmoua in order to buy necessary wood for a project he is working on, and to start a new business for his son, who will open a mobile selling shop that will provide the family with an additional income.

Abed Al Salam hopes to keep on improving his business and developing his family's social and financial circumstances.

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
  • 57
    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 $2,500 helped Abed Al Salam to buy necessary wood for a project he is working on, and to start a new business for his son.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 24, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014