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Omar
Omar is a 32-year-old married father of three children, who has been working in shoe sales for the past five years. In 2010, he opened his current shop, which he has worked hard to develop, to provide his children the best education and living and fulfill his customer’s needs.
Omar is applying for a loan from Kiva partner Al Majmoua to increase his business inventory with newly released winter collection.
Omar's shop is well known in the region, since he is the only one who runs such a business.
He is working hard to develop his business to make sure that he can cover all of his villagers needs.

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
  • 79
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Omar to increase his business inventory with newly released winter collection.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015