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Moussa

Update on Moussa

Moussa is a 55-year-old married man and the father of five children.

He has been the owner of a convenience store since 2008. He started working for himself in 1992 and has 41 years of experience in this domain.

Moussa was only fourteen years old when he started working to pay for his needs and expenses, and to help his parents in covering their needs.

He sells soft drinks, juices, cheese and dairy products. His store is located in a high population area with a good number of customers passing by, including nearby school students and teachers.

Moussa decided to apply for a loan to buy a new van to use it as an additional income business as a school bus which will surely improve his family's socioeconomic situation.

This loan is being requested by Kiva partner, Al Majmoua, and this is Moussa's seventh cycle as an Al Majmoua borrower of very good standing.

Moussa aims to increase his profits and provide a better life for his family.

Previous Loan Details

Moussa is a 54-year-old, married man and the father of five children. He has been the owner of a food market since 2008. He sells soft drinks, juices, cheese and dairy products. He has 20 years of experience in this field. His market is situated in a crowded area with a good number of custo... More from Moussa's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $15,270,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,000 helped Moussa to buy a new van to use as a school bus.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Sep 2, 2013
Currency Exchange Loss:
N/A
Expired:
Oct 2, 2013