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Tarek
Tarek is a 50-year-old married man living in a small village in the Bekaa valley of Lebanon. He owns a small shop where he sells shoes for men. His wife is a school teacher, and their combined revenue is barely sufficient to provide for two individuals. Tarek decided to contact Al Majmoua and acquire a loan in order to set an aluminum door for his shop in order to expand his business.

He has been working for 30 years in this domain, and is well known in his region with the special prices he provides.

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
  • 40
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Tarek to set an aluminum door for his shop in order to expand his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 21, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014