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Majed
Majed is a 26-year-old Tunisian citizen who lives and works in a Palestinian camp, since he seeks a low-expense living with a better income.

Majed has had a barber shop since 2007, with 10 years of experience in his domain. He quit school during his intermediate stages and turned to seek a good income business, which he established on his own seven years ago.

Today, Majed is well-known in his region. Through his acquired loan from Kiva's field partner Al Majmoua, he will make necessary maintenance to his shop with decoration, tiles and painting, in addition to renewing his business tools and machines to attract more customers.

He hopes to keep on developing his business in a well-managed way, and might move his shop to a better region.

Additional Information

More information about this loan

This loan is specifically designed for Al Majmoua's vulnerable clients, namely non-Lebanese such as Filipinos, Egyptians and Syrian and Palestinians refugees. These communities have been marginalized by the Lebanese government and society and do not enjoy the same opportunities in the work, educational, and health fields. By funding this loan, you are helping these individuals improve their businesses and provide for their families. 

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
  • 81
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $3,000 helped Majed to make necessary maintenance to his shop with decoration, tiles and painting, in addition to renewing his business tools and machines to attract more customers.
77% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
N/A