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Mounir is a 42-year-old married man, the father of two children and the owner of a bookstore for 11 years. He is a hardworking man who works in more than one domain to cover his family's expenses. Mounir has a bookstore where he sells almost all stationery requested by any student, while at the same time he sells toys, video games, perfumes, cosmetics and many other accessories. This wide variety of products at the same place assures their turnover.

Mounir is requesting a loan from Kiva partner, Al Majmoua, in order to start a new business. He wants to trade in electric household appliances. He has already experienced Al Majmoua loans with one paid back loan, and he describes it as a unique one and hopes this loan will give the same results. He said that all the things he is doing are for his family's sake, and he hopes his children will achieve the best education ever.

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
  • 51
    View loans »
    Lebanon Loans Fundraising
  • $19,292,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mounir to start a new business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 13, 2011
Dec 29, 2011
Currency Exchange Loss:
Jul 17, 2013