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Fares is a 31-year-old man who lives in Nabatieh, southern Lebanon, with his wife and their three children. Fares has owned a barber shop for eight years. He has requested a loan of 1000 US dollars from A. Majmoua in order to purchase tools for his shop. This is the first time that Fares has requested a loan.

Fares is speciA. in his work because he does good haircuts and likes his work. His clients are his friends and neighbors. When he first started his business, he was afraid that his business would fail. In the future, he plans on 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
  • 123
    View loans »
    Lebanon Loans Fundraising
  • $16,611,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fares to purchase tools for his barber shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 10, 2009
Mar 5, 2009
Currency Exchange Loss:
Sep 15, 2010