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Saer is 20 years and single and has been retailing ready-made clothes for the past five years. He stands out for his desire to constantly grow and develop as well as for his perfectionism. Although he has managed to establish himself professionally, because of his limited resources, Saer struggles with some tough competition. Accordingly, Saer has petitioned a loan from Al Majmoua to procure more wares and to relocate to a larger store.
View original language description ↓
سائر في عمر 20 سنة اعزب يعمل في بيع الالبسة الجاهزة يحب عمله وله فيه 5 سنوات يتميز بحبه لعمله والتطور السريع
فيه فهو طموح مثابر ومتواصل التطور يريد دائما الافضل في العمل من خلال عمله استطاع ان يثبت نفسه ولكنه
يعاني صعوبة في المنافسة لقلة المادة يريد من خلال طلب قرض من المجموعة الى زيادة البضائع وادخار مبلغ كبير كي
يستطيع ان يفتتح محل اكبر وان يزيد من مدخوله

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $19,495,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Saer to procure more wares and relocate to a larger store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 14, 2011
Feb 1, 2011
Currency Exchange Loss:
Feb 16, 2012