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Amer
Amer is a 22 year old man who lives in Saida, southern Lebanon. Amer has owned a barber shop. He also sells beauty products. Amer requested a loan of 800 US dollars from A. Majmoua in order to purchase merchandise for his salon. This is his second cycle and he has always paid on time.
His previous loan helped him improve his salon and helped him start selling beauty products. His clients are his friends and neighbors. When Amer first started his business, he had difficulty finding the right place to open the salon. Amer decided on doing his business because he has experience since he learned the business in an academy. In the future, he plans on expanding his business and change his décor.

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
  • 63
    View loans »
    Lebanon Loans Fundraising
  • $14,580,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Amer amer will use the loan to purchase merchandise for his salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2009
Listed
Mar 21, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010