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Soulayman

Soulayman is a 49-year-old man who lives in Tyre in southern Lebanon with his wife and their four children. Soulayman has been working in agriculture for twenty-one years. He plants and sells vegetables. His sells his produce to vegetable markets. When he first started his business, his land was small, and he didn’t have a greenhouse. He decided on this business because he learned it when he was young, and he wanted to increase his land.



He has requested a loan of 1000 US dollars from A. Majmoua to purchase polyethylene (plastic covers) for the greenhouse and new tools for his work. Soulayman has been a microcredit client for six years and has always re-paid his loans on time. His previous loans helped him improve his business and his family's financiA. situation. In the future, he plans to expand his land and continue 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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $15,595,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Soulayman buy materials and tools for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 11, 2009
Listed
Feb 5, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010