Check out other loans that are currently fundraising!
Ibrahim
Ibrahim is a 49-year-old man who lives in Bourj el Barajneh (in the southern suburbs of Lebanon) with his wife and their three children. For the past nine years, he has owned and operated a kiosk where he sells coffee, tea, candies, chicken, sandwiches, beverages, telephone cards, and makoucheh. (A mankoucheh looks like a folded pizza, and the most common toppings are zaatar (thyme), jebneh (cheese), and lahm bi ajin (minced meat); it can be eaten anytime of the day, but for some reason it tastes better in the morning.)



Ibrahim is requesting a loan in the amount of $500 via A. Majmoua in order to purchase telephone cards, candies, and tobacco. This is the first time that he has asked for a loan. Ibrahim hopes that the loan proceeds will enable him to diversify his product line, which will in turn help him expand his client base (his clients are mostly workers). When he first started his business, he lacked cash, but his business has been doing very well in recent years. In the future, he plans to expand his business into a restaurant business.

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
  • 53
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Ibrahim to attract new customers by diversifying his product line.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2008
Listed
Dec 22, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010