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Houssam is a 49-year-old married man who lives in Aley, Mount Lebanon with his wife. Houssam has been working as a blacksmith for a few years already. He requested a loan from Al Majmoua in order to purchase raw materials and iron for his work. This is the first time that Houssam has requested a loan.

Houssam is special in his work because he knows how to treat his clients. His clients are his friends and neighbors. 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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Housam to purchase raw materials and iron for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 7, 2009
Dec 22, 2009
Currency Exchange Loss:
Jan 15, 2011