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Abbass
Abass is a 31-year-old man who lives in Nabatieh, southern Lebanon with his wife and their three children. Abass has been working as a car mechanic. He has been repairing and selling diesel cars for 8 years. He is requesting a loan of $1000 from Al Majmoua in order to purchase tools for his work. This is his second request for a loan. He always made his loan payments on time. His previous loan helped him improve his business.


Abass is a special businessman because his is trustworthy. His clients are his friends and neighbors. He started his business because he wanted to earn more cash and be independent. When he first started his business, he had difficulty finding clients. In the future, he plans on improving 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

  • $5,900
    Average annual income
  • 101
    View loans »
    Lebanon Loans Fundraising
  • $15,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abbass purchase tools for diesel car repair business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2009
Listed
Feb 2, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010