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Abass
Abass is a 38-year-old man who lives in Nabatieh, southern Lebanon with his wife and their one child. He has worked as a car repairer and painter for the last fifteen years. Abass has applied for a loan of $1,000 from Al Majmoua to purchase merchandise for his garage. He has been a microcredit client for the last eight years and has always paid on time.

His previous loans helped him improve his garage and his financial situation. His clients are his friends, neighbors and car dealers. When Abass started his business, things went smoothly because of his experience in this trade. In the future, he plans to expand his business by trading in cars.

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
  • 43
    View loans »
    Lebanon Loans Fundraising
  • $14,755,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abass to buy merchandise for his garage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 7, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010