Funded

Total loan: $3,000
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Agob


A loan of $3,000 helped to purchase a new coffee machine and pay his children's school tuition.


Agob's story

Agob is a 64 year old man who lives in Beirut, the capital of Lebanon, with his wife and their two children. Agob has owned a coffee shop since 1984. He requested a loan from Al Majmoua in order to purchase a new coffee machine and pay his children's school tuition. Agob has been a microcredit client for eleven years now and has always paid on time.

His previous loans helped him diversify his merchandise and improve his coffee shop. Agob's work is special because his coffee shop is cozy. His clients are his friends and neighbors. When Agob first started his business, he didn’t face any difficulties. He decided on doing his business because he wanted to have an independent job. In the future, he plans on expanding his work.



Loan details

Loan length:

14 months
Disbursed date: September 18, 2009
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: September 18, 2009
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development