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Hassane
Hassane is a 32-year-old man who lives in Nabatieh in southern Lebanon with his wife and their three children. Hassane has been working as a furniture painter for several years. He requested a loan of $1100 from Al Majmoua in order to purchase paint and tools for his business. This is his second loan cycle and he has always paid on time.

His previous loan helped him expand his business. Hassane is successful because he completes the work on time and does it well. His clients are his friends and neighbors. When Hassane first started his business, he didn’t have the start up capital. He decided to open his business because of his experience, and he wanted to work independently. 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Hassane purchase paint and tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2009
Listed
Mar 16, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010