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Taha is a 46-year-old married man. He has owned a grocery store for about two years. Taha's business is developing a little, and he is putting much effort into improving and expanding it as much as he can. In order to do this, Taha is taking his first loan with Kiva partner Al Majmoua in order to buy products that he does not currently stock but are highly requested by his customers. Taha will invest the loan in products such as oils, diapers and some other attractive nutritional goods.
Taha is a man with a good reputation and he is well known in his region. He is seeking perfection in his business, and wants to improve his standard of living. He hopes to expand his business further in the future.

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
  • 83
    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 Taha to add new products to his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 13, 2011
Dec 28, 2011
Currency Exchange Loss:
Jan 15, 2013