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Saleh

Update on Saleh

Saleh is a 24-year-old hardworking single Palestinian refugee who owns a small van which he uses to sell coffee in his region.

Saleh started his business in 2004. He has an espresso machine, which gives his coffee a special taste compared to others.

These ten years of experience provided him with loyal customers and a special reputation in his region.

Saleh is acquiring his fourth loan cycle from Kiva's field partner Al Majmoua in order to pay for his wedding expenses. Through his previous loans, he was capable of developing his business in a well-managed way, in addition to making necessary maintenance and decoration to his future house.

He hopes to stay capable of expanding his business and to support his beloved family.

Previous Loan Details

Saleh is a 21-year-old hardworking single man. He owns a van which he uses to sell coffee in the Tyre region. He describes it as a mobile delivery cafe. Saleh owns an espresso machine, which gives his coffee a special taste compared to others'. Saleh started his business in 2004. These seven year... More from Saleh's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 64
    View loans »
    Lebanon Loans Fundraising
  • $15,645,775
    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 Saleh to pay for his wedding expenses.
66% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 7, 2014
Listed
Aug 5, 2014
Currency Exchange Loss:
N/A