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Samer
Samer is a 43-year-old married father of three children. To earn his living, he owns a small grocery shop where he sells the best kind of vegetables and fruits, and has been working in this field for three years now.

However, in order to register his pickup to use it for transporting his fruits and vegetables from the wholesale market, he has to legalize his business and secure it into the government's papers. So, he contacted Al Majmoua and decided to acquire the loan that would support him in covering the fees of registration. Therefore, this will allow him to purchase merchandise in big quantities and at lower costs, which will lead to increasing his profit.

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
  • 23
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Samer to pay his pickup's and company's registeration fees.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015