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Ibrahim
Ibrahim is a 35 year old man. He lives in a small village near Saida in southern Lebanon with his parents and works as a fisherman. Ibrahim uses a unique system for catching his fish; every day he dives beneath the waters of the Mediterranean Sea to set a small metal cage with bait inside. Each afternoon, Ibrahim returns to reclaim his cage, hopefully full of fish. Ibrahim has asked for a loan of 1000 US dollars from Al Majmoua in order to replace his aging fishing tools. This is the first time that he has requested a loan.

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
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $15,270,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ibrahim to replace his aging fishing tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 13, 2008
Listed
Oct 30, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010