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Abed
Abed is a 57-year-old married father of one child. He has been running his convenience store since May of 2011. Abed is a hardworking man who puts much effort into developing and expanding his business in order to answer his increasing customers' needs.

He is acquiring a loan from Kiva partner, Al Majmoua, to increase his business merchandise with dairy products and buy the required display refrigerator. He also sells canned food, chips, sweets, detergents and soft drinks. Abed is working hard so as to expand his store into a large supermarket in the future.

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

  • $5,900
    Average annual income
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $15,334,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Abed to increase his business merchandise with dairy products and buy the required display refrigerator.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015