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Hassan is a 29-year-old single man. He is smart, talented and energetic. Hassan started his new business two years ago. He used to work as a car mechanic, but he didn't like it at all, so he bought a school bus and started transporting students.

With his earned income, Hassan has saved money to buy another bus to expand his business. However, he needs to borrow a small amount of money to buy the additional school bus.

With the help of Al Majmoua (Kiva partner), Hassan will be capable of paying for the second bus and he will be able to continue expanding his business.

Hassan's good reputation helps him a lot in improving his business and gaining his customers' trust. He is working hard to open a big school bus chain 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
  • 44
    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 $3,000 helped Hassan to pay what's left from the price of his second school bus.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 13, 2011
Dec 29, 2011
Currency Exchange Loss:
Nov 15, 2012