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Khaled
Khaled, 27 years old and single, lives in a small village in the Bekaa Valley. He runs a nice clothing shop where he sells a variety of shirts, pants, and dresses for all types of clients. Khaled wants to earn additional income to provide a better livelihood for his family. He requests, for the first time, a loan of $US1,000 to purchase additional inventory. The timing for this loan is particularly important to him as there is a high demand for clothes for the "back to school" period and important holidays ahead. The loan will allow him to maintain an adequate amount of inventory on hand and will give him the flexibility to easily update his product selection if an item is selling well or not.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Khaled purchase additional inventory.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 28, 2008
Listed
Sep 14, 2008
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2009