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Hassan is a 54-year-old married father of four children. He owns a tractor that he rides across the fields of his village in order to prepare the lands to be harvested, which is how he earns his living. He has been working in this field for 40 years now. His wife is currently unemployed, two of his children work, and one is enrolled in a public school. However, even with three family members working, the family income is very low and insufficient to provide for the family.

Hassan decided to acquire a loan from Al Majmoua because his older son is getting married soon, and he does not have the sufficient funds to prepare the ceremony. The loan would allow him to invest his revenue in other family expenses, instead of spending it all on the wedding.

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
  • 170
    View loans »
    Lebanon Loans Fundraising
  • $17,516,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,500 helped Hassan to prepare his son's wedding ceremony.
Repayment Term
18 months (Additional Information)
Repayment Schedule
May 30, 2013
Jun 30, 2013
Currency Exchange Loss:
Jul 30, 2013