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Salim
Salim is a 41 year-old man who lives in a small village near Saida in southern Lebanon. He is a carpenter and hopes to purchase additional wood for his business. He also wants to pay the school fees for his children. He is requesting a loan of 1000 US dollars from Al Majmoua in order to cover his expenses. This is the fourth time that he has requested a loan from Al Majmoua and has always paid on time.

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
  • 52
    View loans »
    Lebanon Loans Fundraising
  • $14,751,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Salim to purchase wood and pay his children's school fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 14, 2008
Listed
Oct 31, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010