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Hassan, 43 years old, is married and the father of two children. The family lives in the southern suburbs of Beirut, Lebanon, where Hassan is a hair designer for men. He needs a loan in the amount of US$ 1,200 to improve his shop in order to better accomodate his clients. Hassan will then attract more customers and expand his business, which is the only source of revenue for his family. This is the first time that Hassan has requested a loan from Al Majmoua.

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
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Hassan decoration improvement to the barber shop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 5, 2008
Jul 17, 2008
Currency Exchange Loss:
Jul 15, 2009