Check out some available loans that are similar to this one!
Houssein

Houssein is a 25-year-old man who lives in Tyre in southern Lebanon with his wife. Houssein has owned an Internet shop for a year and a half. He also offers computer games and serves coffee. Houssein's business is special because he has a good relationship with his clients, who are his friends and neighbors.



When Houssein first started his business, he didn’t have the necessary start up capital. He went ahead with the business because he wanted to be independent. He has requested a loan of 1000 US dollars from Al Majmoua to purchase an Internet machine, so he can sell Internet services to individuals. This is the first time that Houssein has requested a loan. In the future, he plans on improving and expanding 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
  • 78
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Houssein purchase an Internet machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 13, 2009
Listed
Feb 6, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010