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Abed El Latif
Abed El Latif is a 22 year old single man. He works on a freelance basis as a home painter. He learned the business at the age of 18 at a previous job. He works hard to satisfy the demands of his job, in order to pay his daily expenses and provide a better living for his family. Due to his good work, and because he is a hard-working man, he has gained lots of clients and enlarged his network.

This is the first time that he has requested a loan from Al Majmoua in order to purchase paint and tools for his work. He hopes that this loan will allow him to purchase new and better tools to improve 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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abed El Latif to purchase paint and tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 26, 2010
Apr 23, 2010
Currency Exchange Loss:
May 15, 2011