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Kamal
KamA. is a 44-year-old man who lives in Saida, southern Lebanon with his wife and their three children. KamA. has owned a grocery store for a year. He requested a loan of 1500 US dollars from A. Majmoua in order to purchase merchandise for his store. This is the first time that KamA. has requested a loan.

KamA. is speciA. in his work because he knows how to treat his clients. His clients are his friends and neighbors. When he first started his business, he didn’t have the startup capitA.. KamA. decided on doing his business because he wanted to have independent work. In the future, he plans on improving his store and starting a new 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
  • 123
    View loans »
    Lebanon Loans Fundraising
  • $16,262,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Kamal to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 6, 2009
Listed
Apr 2, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010