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Abed, 54, lives in Tyre, southern Lebanon with his wife. Abed has owned an accessory shop since 2001. He sells gifts. Abed requested a loan of $1000 USD from Al Majmoua in order to purchase merchandise for his shop. This is the first time that Abed has requested a loan.

Abed has a big selection in his shop. His clients are his friends, neighbors, and tourists. When he first started his business, he had difficulty purchasing merchandise for his shop as well as diversifying his stock. In the future, Abed 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

  • $5,900
    Average annual income
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abed to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 2, 2009
Mar 6, 2009
Currency Exchange Loss:
Jan 12, 2010