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Jean is a 44-year-old man who lives in Beirut, the capital of Lebanon, with his wife. Jean has owned a shoe factory since 2004. He produces shoes. He requested a loan from Al Majmoua in order to purchase rubber material for his work. This is his second cycle and he has always paid on time.
His previous loan helped him improve his productivity. The difference between his work and others work is that he has a low income. When Jean first started his business, he had faced some financial problems. He decided on doing his business because he wanted to have independent work and he had experience in trading. In the future, he plans on improving his work.

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
  • 91
    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 $1,000 helped Jean to purchase rubber material for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 22, 2009
Oct 21, 2009
Currency Exchange Loss:
Oct 15, 2010