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Samer
Samer is a 40-year-old married father of two children.

He owns a small bakery, while his wife is a teacher in a public school. Samer first opened his business five years ago, with the help of the Al Majmoua loan, and has been a loyal and active customer since then.

His low revenue is a burden to his family, which is why enhancing his business is a priority to him. Thus, he decided to contact Al Majmoua again in order to buy the raw materials for his business.

This would help him increase his number of customers and expand his business. As for the future, Samer hopes to renovate his bakery.

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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,090,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Samer to buy the raw materials for his business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
Jun 19, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015