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Abed Al Husein
Abed Al Husein is a 59-year-old married man, and a father of six children. He has been working in his baking business for 12 years. In 2012, he moved to his present bakery, because it is wider and makes his work easier.

Abed Al Husein is a hard worker, and he is well known in his region with his good reputation and special french croissant he makes. He is recommended by almost all of his customers, which is why he puts so much effort on developing his business in a way it fits all of his customers' needs.

He is applying for a loan from Kiva partner Al Majmoua in order to buy an espresso machine and hookas, and to pay necessary fees for the machine that the government provides in order to get electricity and measure the amount used to pay at the end of each month. This will expand his business diversity and develop it in a way to increase his social and financial living.

He is opening a coffee shop next to his bakery and hopes it will provide him with the things his family needs.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,582,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Abed Al Husein to buy an espresso machine and hookas, and to pay necessary fees for his government-provided electricity meter.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014