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Amin
Amin is a 26 year old man who lives in Bourj el Barajneh in the southern suburbs of Lebanon. Amin has owned an Internet shop for a year. He has internet lines as well as a central telephone. He hasrequested a loan of 1200 US dollars from Al Majmoua in order to purchase five computers and a machine for international phone calls. This is the first time that Amin has requested a loan.
Amin hopes that the loan will improve his shop conditions. He is special in his work because he is the only one in his area and he has a good relationship with his clients. His clients are friends, neighbors and tourists. Amin started his business because he wanted to be independent. In the future, he plans to increase the number of customers.

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
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Amin to purchase five computers and a machine for international phone calls.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 9, 2009
Listed
Jan 2, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2010