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Kassem
Kassem, 45, is married and the father of three children. He has been working in the construction business for twenty-five years. Kassem specializes in the cement business. He also works as a school bus driver to generate additional income for his family.

He is requesting a loan from Kiva's partner, Al Majmoua, to buy a car. The car will ease his business's transportation needs. Kassem hopes to keep on developing his business and one day have a construction company that does all phases of construction.

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,000 helped Kassem to buy a car for his business.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
N/A
Expired:
Jan 27, 2014