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Bassam
Bassam is a 41-year-old, married father of three children. Since 1996, he has been employed in a laboratory of dental equipment. His wife is unemployed which makes him the exclusive financial provider of the family. His three children are in private schools, which means that he has to pay the tuition fees on top of the family expenses for food and other necessities, while his income is barely enough to provide for all these expenses.

Bassam contacted Al Majmoua Lebanese Association for Development in order to acquire a loan that would help him settle the debts of his children's school tuition fees. This would be greatly beneficial because it would alleviate the burden of the expenses and would help him provide a better life for his family.

As for his future career plans, Bassam wishes to expand the laboratory he works in.

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
  • 59
    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 $2,000 helped Bassam to settle the debts of his children's school tuition fees.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014