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Mostafa
Mostafa A. is 44 years old, married, and the proud father of 5 children. He lives in a small village close to Baalback in the Bekaa Valley. Mostafa owns a shop in town and sells cleaning products to the community. Mostafa has had 8 previous loans with Al Majmoua, all of which have been repaid on time. In order to provide a stable and inexpensive source of food for his family, Mostafa wishes to purchase a small plot of land near his house to grow produce, and has asked for a $1,200 loan to pay for this land.

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
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mostafa to fund the purchase of a small land plot for growing produce.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 30, 2008
Listed
Sep 16, 2008
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2009