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Hussein
Hussein is a 48-year-old man who lives in Nabatieh, southern Lebanon with his wife and their seven children. Hussein has been selling fruits and vegetables for two years. He sells fruits, vegetables and gas for households. Hussein requested a loan of 1000 US dollars from A. Majmoua (Kiva's Field Partner) in order to purchase merchandise for his shop and also pay school tuition fees. This is his second loan cycle, and he has always paid on time.



His previous loan has influenced his life in a good way by improving his shop and his production. Hussein is speciA. in his work because he has good quality merchandise. When he first started his business, he was still learning the business, which wasn’t easy for him. Hussein decided to do this business because although he has been receiving his retirement salary, it is not enough for him to meet his family needs; that’s why he decided on opening a shop. In the future, he plans to improve and expand the gas 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

  • $15,800
    Average annual income
  • 80
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hussein to purchase merchandise for his shop and also to pay school tuition fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2008
Listed
Jan 18, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2010