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Abed Al Salam
Abed Al Salam is a 50-year-old, married father of four children, who has had a hookah-selling shop since 2009. He is well-known in his region, with his special quality and prices provided to his customers. His wife is employed in a school, but their combined revenue isn't enough to cover all of their family's needs because of the high cost of living these days.

Abed Al Salam works hard for his family's happiness. He is applying for a loan from Kiva's partner, Al Majmoua Lebanese Association for Development, to help his son with his engagement ceremony expenses, as his gift, since he can't afford taking this amount directly from his business capital.

He hopes to keep on responding to his family's needs and expanding his 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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,090,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Abed Al Salam to help his son with his engagement ceremony expenses.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 15, 2013