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Hussein is a 26 year old man who lives in Bint Jbeil, southern Lebanon with his wife. Hussein has owned a barber shop for six years. He is requesting a loan of 1300 US dollars from Al Majmoua in order to purchase a new seat, an air conditioning unit and a washing machine. This is the first time that Hussein has requested a loan. Hussein is special in his field of work because he is highly skilled and is aware of innovative styles and techniques. His clients are people from his local community. When he first started his business, he didn’t face any difficulties. Hussein decided to start his business because of his experience in the field. In the future, he plans on improving 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
  • 147
    View loans »
    Lebanon Loans Fundraising
  • $17,449,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Hussein hussein will use the loan to purchase merchandise for his work.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 30, 2009
Apr 3, 2009
Currency Exchange Loss:
Apr 15, 2010