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Abbas, 47 years old, lives in Beirut with his wife and two children. He owns a sewing shop and specializes in the manufacture of lingerie. Abbas continuously develops his business. For this reason, he has been a micro-credit client of Al Majmoua for the past 2 years. He has successfully repaid his previous loan on time.

Now, Abbas needs a loan of US$1,200 to purchase a wider variety of fabrics so that he can meet the current demands of his clients in terms of choice and fabric quality.

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
  • 36
    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 $1,200 helped Abbas to purchase a variety of lingerie fabrics.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 5, 2008
Jul 18, 2008
Currency Exchange Loss:
Jul 15, 2009