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Malek, 47 years old, lives in a small village close to Nabatieh in South Lebanon. He is a married man with 4 children. He owns a small clothes shop next to his home. He needs the amount of USD 1,000 to purchase from wholesalers perfumes and accessories for women. With the beginning of the summer season, there is an increased demand for such products. This inventory increase will allow Malek to expand his business by attracting more clients. Malek has been a client of Al Majmoua for the past 4 years and always repays his loan on time.

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
  • 74
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Malek uSD 1,000 to purchase from wholesalers perfumes and accessories for women.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 26, 2008
Jul 1, 2008
Currency Exchange Loss:
Aug 15, 2009