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Jaber
Jaber is a 40-year-old man who lives in Saida, in southern Lebanon, with his wife and their four children. Jaber is a fisherman, but it is not his only work. He also trades used furniture. He has been a fisherman for more than 15 years. Fishing has been his hobby since he was a child. With time, his hobby became his business, but now he wants to start a new business selling used furniture.

Jaber has asked for a loan of $800 from Al Majmoua to start his new business. His will use the loan for trading used furniture. This is the first time that he requested a loan.

Jaber works all year long. He fishes all the time, whether the weather is cold or not. He usually uses a cage, a fishing cane, and a net. His customers are traders at Saida’s port.

When he first started his business, Jaber didn’t have enough funds to purchase material, which made him accumulate debt. Indeed, he needs the loan in order to help him start his new business selling used furniture.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,617,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Jaber jaber needs the loan to start his new business: selling used furniture.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2008
Listed
Nov 22, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010