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Majeed
Majid is a 47-year-old single man living on a farm in a village in Mount Lebanon. In fact, he earns his living by planting, harvesting and selling fruits and vegetables. He also provides for one of his family members.

Majid is a hard worker with a certain handicap that makes farming a bit of a challenge to him. He plants seasonal fruits and vegetables in addition to organic products that he delivers to specified customers. He needs the loan in order to purchase seeds, plastic boxes and necessary updated tools, which are materials that would facilitate the farming and trading process for him.

As for the future, Majid wishes to acquire a bigger part of land in order to maximize his benefit, and to own a special storage fridge to keep his products fresh.

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
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Majeed to purchase seeds, plastic boxes and necessary updated tools.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 28, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014