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Abdallah
Abdallah is a 57-year-old married man, the father of six children.

He has been working in selling hot drinks since 24 years ago. He used to work as a fisherman, but his family's increasing needs required a wider business with a better daily income.

His business is located in a van, which he parks at the side of the main road of his village. Many customers are loyal to him, and passers by provide him with additional income.

To make sure that his family members are satisfied, Abdallah has an additional seasonal work: He sells watermelon during the summer season.

Today, Abdallah is applying for a loan from Kiva’s partner Al Majmoua in order to develop both businesses. He will increase his business merchandise with special hot drink flavors and cups, in addition to increasing his stock of watermelons and selling them with special prices.

Abdallah will work hard to keep on developing his businesses to make sure that his family’s needs are accomplished.

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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Abdallah to increase his business merchandise with special hot drink flavors and cups and to increase his stock of watermelons.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 13, 2013