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Jamal
Jamal is a 49-year-old married father of four children who established his current espresso coffee-selling business years ago.
He is the sole breadwinner for his family. It takes a lot of additional effort to expand his business and improve his family's living.

Jamal is requesting a loan from Kiva partner Al Majmoua to increase his business merchandise with special coffee needs, in addition to plastic cups and many other business needs to meet the increasing number of customers.

This is Jamal's fifth cycle as Al Majmoua borrower; his previous loans helped him a lot in developing his family's living and covering almost all of their needs.

Jamal used to work as a builder, but his physical situation isn't good enough to handle such hard work, which made him establish the current business.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jamal to buy plastic cups and special coffee needs for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 9, 2014
Listed
Jan 28, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014