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Youssef
Youssef is a 68-year-old man who lives in Saida, in southern Lebanon, with his wife and their child. Youssef has owned a grocery store for five years. He also sells vegetables. He requested a loan of $800 US dollars from A. Majmoua to purchase merchandise for his store and repair his car.

This is his third loan cycle and he has always paid on time.

His previous loans helped him to diversify his merchandise and improve his business. His clients are his friends and neighbors. When Youssef first started his business, he lacked cash. 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 Lebanon

  • $5,900
    Average annual income
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Youssef youssef will use the loan to purchase merchandise for his store and repair his car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2009
Listed
Feb 4, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010