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Bassam, 45, lives in Nabatieh, in southern Lebanon, with his wife and their two children. Bassam has been a blacksmith for three years. He is requesting a loan of $1000 USD from Al Majmoua in order to purchase new tools for his work. This is the first time that Bassam has requested a loan. His clients can be anybody. Bassam decided on this business because he wanted to improve his financial 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 Lebanon

  • $15,800
    Average annual income
  • 139
    View loans »
    Lebanon Loans Fundraising
  • $16,673,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Bassam to purchase new tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 2, 2009
Feb 12, 2009
Currency Exchange Loss:
Jan 12, 2010