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Update on Bilal

Bilal is a 28-year-old single man who has been selling and repairing mobile phones, sim cards, and electronics (DVDs and CDs) for nine years. He opened his own business in 2004 and is very proud that he took this step forward.

Today, Bilal is requesting a youth loan from Kiva's partner, Al Majmoua, for the fourth time. It will be used to increase his mobile phones, prepaid cards, and recharges, as they are highly requested by his customers.

He is a borrower in good standing and a man with a good reputation. He is responsible for five members of his family, so he has to make sure that his business is good enough to cover their needs.

Previous Loan Details

Bilal is a 26-year-old single man living in Saida. Bilal has been selling and repairing mobile phones, sim cards and electronics such as DVDs and CDs for seven years. He opened his own business in 2004 and he's very proud that he took this step. Bilal is requesting a loan from Al Majmoua for the ... More from Bilal's previous loan »

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Lebanon

  • $15,800
    Average annual income
  • 53
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Bilal to buy mobile phones and prepaid cards.
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 16, 2013
Jun 7, 2013
Currency Exchange Loss:
Jul 7, 2013