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Louay
Louay is a 31-year-old married father of one child. He has owned a small business where he paints and maintains furniture for sixteen years. His wife is currently unemployed, which means that he is the only financial provider of the family. However, his revenue is barely enough to provide for his family and one of his parents.

He contacted Al Majmoua because he needs to undergo surgery which he cannot afford with his present income. The surgery is crucial for him to be in good shape since he has to provide for four individuals. As for the future, Louay wishes to expand his business and increase his revenue.

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

  • $5,900
    Average annual income
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $15,334,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Louay to undergo surgery which he cannot afford with his present income.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 12, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014