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Moustafa
Moustafa is the 58-year-old married father of four children. He has a convenience store where he sells candies and canned foods and many other food supplies in addition to ice cream during the summer. He is his family’s sole breadwinner; he puts so much effort into developing his business to make sure that it will provide him with a good income to cover his family’s increasing needs.

Moustafa is a Palestinian refugee who lives and works in a Palestinian camp, just like almost all of the Palestinians living in Lebanon. He is a hard worker, and he has good experience in his business.

He is acquiring a loan from Kiva partner Al Majmoua to increase his business merchandise with special goods to diversify his products and increase his income. He will increase his canned goods sector and buy specially offered products that will attract customers’ attention and create in them the need to acquire these products.

Concerning the future, Moustafa is working hard to keep on expanding and increasing his work capital to move to a bigger place.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $2,500 helped Moustafa to increase his business merchandise with special goods to diversify his products and increase his income.
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Oct 2, 2013
Currency Exchange Loss:
N/A
Expired:
Nov 1, 2013