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Husein has owned an electronics shop for 30 years. He carries a wide variety of products and has competitive prices. His clients are people from his region. Husein is 45 years old and lives in Nabatieh, Southern Lebanon with his wife and their five children.

Husein decided on doing this business because he wanted to improve his financial situation. When he first started, he had to face competition. This is the first time that Husein has requested a loan. Husein wants to borrow $1500 US from Al Majmoua in order to purchase merchandise for his shop. In the future, he plans on improving his shop.

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
  • 135
    View loans »
    Lebanon Loans Fundraising
  • $18,174,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Husein to purchase merchandise for an electronics shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 14, 2009
May 1, 2009
Currency Exchange Loss:
May 15, 2010