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Abdo
Abdo is a 44-year-old man who lives in Saida, southern Lebanon, with his wife and their three children. Abdo has been selling fruits since 1988. He has requested a loan of 500 US dollars from Al Majmoua in order to purchase merchandise for his business.


This is Abdo's third loan cycle and he has always paid on time. His previous loans helped him improve his business and diversify his merchandise. Abdo is special in his work because he has a good variety of fruits. His clients can be anybody. When he first started, he had difficulty purchasing merchandise. In the future, he plans on improving his sales and purchasing the shop.

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
  • 65
    View loans »
    Lebanon Loans Fundraising
  • $15,645,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Abdo to purchase merchandise for his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 10, 2009
Listed
Mar 5, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2009