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Omar is a 37 year old man who lives in Beirut, capital of Lebanon with his wife and their three children. Omar has owned a grocery store since 2003. He sells candies, raw materials, canned food, cheese etc. He has requested a loan from Al Majmoua in order to purchase merchandise for his store to increase his stock. This is the first time that Omar has requested a loan.
Omar is special in his work because he owns a large variety of products. His clients are his friends and neighbors. Omar’s grocery store is very well located and he is well-known is his region. He decided on doing this business because he wanted to have independent work. In the future, he plans on expanding his business by opening another grocery store.

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
  • 31
    View loans »
    Lebanon Loans Fundraising
  • $19,527,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Omar to purchase more inventory for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 5, 2009
Oct 12, 2009
Currency Exchange Loss:
Jul 15, 2011