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Yasser is a 42-year-old divorced man. He has owned a grocery store since 1998, which is his only source of income. Yasser is a Palestinian refugee, but unlike most of the Palestinians living in Lebanon, Yasser opened his business outside the refugee camp.

Yasser is a hard worker who is courageous enough to take the chance of opening his own business, and to improve and organize it in a well-managed way.

Yasser applied for a loan from Kiva's partner Al Majmoua to buy special winter hot drinks and cereals with special offers.

Yasser is well-known with his good reputation, special prices and customer care. He hopes to keep on increasing his business capital, replying to his customers' needs and expanding his working area.

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
  • 47
    View loans »
    Lebanon Loans Fundraising
  • $19,472,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Yasser to buy special winter hot drinks and cereals with special offers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 16, 2012
Nov 15, 2012
Currency Exchange Loss:
Oct 17, 2013