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Ashraf
Ashraf, 26 years old, was living with his wife and 1 child in the Palestinian camp of Naher Al Bared in the North of Lebanon. Unfortunately, he was obliged to leave his home after Al Bared war, and moved to another village where he rented a barber shop for men's haircuts. He needs USD 1,000 to open his own shop and purchase new materials. Ashraf has been a micro-credit client of Al Majmoua for the past 3 years and has always repaid his debts on-time.

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
  • 59
    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 Ashraf opening of a barber shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 1, 2008
Listed
Jul 18, 2008
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009