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Abbass
Abbass is a 36-year-old married man, living in a village in the Bekaa valley with his wife. He is employed in an industry where he is in charge of the general maintenance of the machines, and has been working in this field for 8 years now. His wife is currently unemployed, which makes him the only financial provider of the family. His revenue does not allow him to provide enough care and attention to a potential child, which is why he decided to contact Al Majmoua. In fact, he needs to acquire a loan that would help him purchase construction material which he will be using in building his house. This will probably allow him and his wife to be able to have children in a better environment. As for the future, Abbas wishes to open up his own 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Lebanon

  • $15,800
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,300 helped Abbass to purchase construction materials which he will use for building his house.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 6, 2013