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Milad
Milad, 35 years old, is single and lives in Tripoli, North Lebanon. where he owns a snack shop. His enthusiasm and will power help his business grow every day. Milad has requested a loan of US$1,000 to increase and diversify his inventory so that he may offer a larger menu to his clients. Indeed, during the summer season, Milad's snack-cafe cannot satisfy the demand of all his clients. This is the first time that Milad 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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Milad purchase food products and diversify the snack inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 19, 2008
Listed
Aug 1, 2008
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009