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Husein
Hussein is a 41-year-old married father of six children. He has owned a business where he is in charge of repairing used cars' body work since 1990. His wife is currently unemployed, which means that he is the only financial resource of the family. Hussein has been working in this field for more than 20 years now, which means that he has gained a lot of expertise over the years.

He decided to contact Al Majmoua and acquire a loan in order to purchase broken spare parts which he will later fix, reassemble into cars, and sell. As for the future, Hussein wishes to expand his shop.

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
  • 38
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,000 helped Husein to purchase broken spare parts which he will later fix, reassemble into cars, and sell.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 13, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 12, 2013