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Hassan
Hassan is a 49-year-old married father of four children. He owns a small business where he paints furniture and decorates it, and has been working in this field since 1995. His wife is currently unemployed, rendering him to be the only financial provider of the family. Two of his children are enrolled in private schools, which means that he has to settle the schooling tuition fees on top of all the other heavy expenses.

He decided to contact Al Majmoua because it was his only hope to enhance his business and increase his revenue. In fact, he will be purchasing a compressor, a work kit, paint, and raw material that would help him expand his business.

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
  • 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 $1,000 helped Hassan to purchase a compressor, a work kit, paint, and raw material that would help him expand his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014