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Hassan is a 49-year-old married man from Nabatieh and father of four children. He has owned a car wash/garage for 10 years. With his payback record in good standing, Hassan is requesting a loan from Al Majmoua for the third time. This loan will enable him to add new merchandise to his business, such as car accessories, oils, and lubricants. His previous loans had a big effect on his business and provided financial and social improvement for his family. In the future, Hassan hopes to expand his business by adding the ability to deal with all car issues.

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
  • 77
    View loans »
    Lebanon Loans Fundraising
  • $19,267,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hassan to add new merchandise to his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 13, 2010
Nov 24, 2010
Currency Exchange Loss:
Jun 15, 2012