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Mazen
Mazen is a 50-year-old married father of three children. He has worked in selling clothes since 1993. He is his family's sole breadwinner, which forces him to put out extra effort to develop his business in order to make sure that he can reply to his precious family's increasing needs.

Mazen is acquiring a loan from Kiva partner Al Majmoua, to increase his business merchandise with special Christmas and newly released winter collections that will attract customers' attention and increase his sales.

This is Mazen's third cycle as an Al Majmoua borrower with a good standing paying back history. His previous loans helped him a lot in increasing his business capital through diversifying his products upon customers' requests.

He is working hard to open another branch 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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $15,281,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mazen to increase his business merchandise with special Christmas and newly released winter collections that will attract customers' attention and increase his sales.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014