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Chafik
Chafik is a 30 year old man who lives in the Bekaa. Chafik owns a mini market store which was started by his grandfather and has been in the family for 55 years. Chafik has requested a loan of 1000 US dollars from A. Majmoua in order to purchase merchandise for his store. This is the first time that Chafik has requested a loan.
His clients are people from his region. Chafik decided on doing this business because it is a family business. 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
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $14,614,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Chafik chafik will use the loan to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2009
Listed
Feb 13, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010