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Achraf is a 27-year-old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon. Achraf owns a grocery store. He requested a loan of 3000 US dollars from Al Majmoua in order to purchase merchandise for his store like ice cream and a refrigerator for it, especially since summer is coming. This is his second loan cycle and he has always paid on time.

Achraf's previous loan helped him diversify his merchandise. Achraf is special in his work because he has a big variety of products. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. In the future, he plans on expanding 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
  • 132
    View loans »
    Lebanon Loans Fundraising
  • $18,176,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Achraf to purchase merchandise for his store and a refridgerator.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 21, 2009
Jun 1, 2009
Currency Exchange Loss:
Aug 15, 2010