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Abbas
Abbas is a 41-year-old man who lives in Nabatieh, southern Lebanon, with his wife and their seven children. Abbas works as a house painter. He requests a loan of $1000 USD from A. Majmoua in order to purchase new painting tools and a car that will facilitate his work. This is the first time that Abbas has requested a loan.
Abbas is speciA. in his work because he has experience and he does good work. His clients are his friends, neighbors and others. When he first started his business, he had difficulty building a network. He decided to start his business because he wanted to be independent in his work and also improve his family's situation. In the future, he plans to expand 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Lebanon

  • $5,900
    Average annual income
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abbas abbas will use the loan to purchase new painting tools and a car for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2009
Listed
Jan 21, 2009
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2010