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Housam is a 31-year-old married man and father of one child. He has been selling mobile phones since 2011. He worked hard to improve his business and increase his available collection to make sure that all his customers' needs are met.

Housam is applying for a loan from Kiva's partner Al Majmoua for the second time. He wants to buy a car to visit wholesale dealers in addition to his family's requests.

Housam's previous loan was used to increase his business capital, which helped a lot in improving his income.

Housam's customers enjoy dealing with him because he has everything they need (mobiles, accessories and maintenance) in addition to prepaid mobile cards.

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
  • 32
    View loans »
    Lebanon Loans Fundraising
  • $19,505,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,500 helped Housam to buy a car that will help him visit wholesale dealers.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Oct 6, 2012
Currency Exchange Loss:
Nov 5, 2012