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Housein is a 27 year old man who lives in Bourj El Barajneh, southern suburbs of Lebanon. Housein has been working as a car repairer since 1996. Housein requested a loan from Al Majmoua in order to purchase tools for his garage. Housein has been a microcredit client for five years now and has always paid on time.
His previous loans helped him improve his work as well as his financial situation. His clients can be anybody from his region. When he first started his business, he didn’t have the startup capital. Housein decided on doing his business because he wanted to have an independent work. In the future, he plans on expanding a 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
  • 88
    View loans »
    Lebanon Loans Fundraising
  • $19,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Housein to purchase tools for his garage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 13, 2009
Jun 1, 2009
Currency Exchange Loss:
Jun 15, 2010