Check out some available loans that are similar to this one!
Haisam is 28 years old and the father of one child. He lives in the town of Aley, situated atop Mount Lebanon. In Aley, Haisam owns an auto-body repair shop and has asked for a loan of $1000 to help purchase new tools. Haisam's current tools are outdated and force him to spend long periods of time doing work that could be finished quickly. His new instruments will allow him to service more customers in less time, hopefully increasing his business's profitability. This will be Haisam's second loan with Al Majmoua.

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

  • $15,800
    Average annual income
  • 126
    View loans »
    Lebanon Loans Fundraising
  • $17,359,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Haisam to purchase new tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 13, 2008
Sep 29, 2008
Currency Exchange Loss:
Nov 15, 2009