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Bassam is a 31-year-old married father. He has one child and his wife is currently working as a teacher to help him earn a living. Bassam owns a small barber shop in his village, and has been working as a barber for 11 years now. He contacted Al Majmoua in order to acquire a loan that he needs for the maintenance and check up of his car. He also needs the loan in order to renovate his living room for a better environment for his family. Concerning his future plans, Bassam is planning to purchase another loan in order to help his wife open a clothing store.

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
  • 128
    View loans »
    Lebanon Loans Fundraising
  • $16,640,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Bassam to maintain his car and renovate his living room.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 16, 2013
Jun 13, 2013
Currency Exchange Loss:
Sep 17, 2014