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Abass is 43 years old and lives in Nabatieh with his wife and 7 children. He works as a carpenter and wants to purchase new and more varied types of wood for his business. To do so, he has asked Al Majmoua for a loan of 800 US dollars. Abass has been a micro-credit client with Al Majmoua for 2 years and he has always repaid his loans in full and 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

  • $15,800
    Average annual income
  • 124
    View loans »
    Lebanon Loans Fundraising
  • $16,571,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Abass the loan will be used to purchase a stock of wood for Abass' carpentry business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 12, 2008
Oct 29, 2008
Currency Exchange Loss:
Jan 12, 2010