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Abed Al Latif
Abed A. Latif is a 66-year-old man who lives in Saida, southern Lebanon, with his wife and their child. Abed A. Latif has owned a grocery shop since 2000. He requests a loan of $900 USD from A. Majmoua in order to purchase merchandise for his shop. This is his third loan cycle and he has always paid on time.
Abed A. Latif's previous loans have influenced his life in a good way. He is speciA. in his work because he opens early in the morning and closes late in the evening and he also has a good relationship with his clients. His clients are his friends and neighbors. Abed A. Latif decided to start his business because he has knowledge of pricing and trading. In the future, he plans to improve his 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Abed Al Latif abed Al Latif will use the loan to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2009
Listed
Jan 21, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2010