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Khaled, 42 years old, is married with 3 children and lives in the North of Lebanon. Khaled owns a shop for gadgets and accessories. He needs an amount of USD 1,200 to purchase more goods and diversify his inventory. He wants to expand his business in order to guarantee a better livelihood to his family. Khaled has been a micro-credit client of Al Majmoua for the past 5 years and always repaid his debts 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
  • 38
    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 Khaled purchase of goods to diversify business inventory.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Aug 11, 2008
Jul 17, 2008
Currency Exchange Loss:
Jul 15, 2009