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Hassan, age 47, owns and operates a convenience shop in his village to earn an income. He and his wife have four children and he is the sole financial provider for the family.

All four children are enrolled in private schools, which means that Hassan has to settle the schooling tuition fees and expenses on top of all the other family expenses. This is why he needs to maximize his profit and provide the best possible life for his children.

To gain an additional source of income for this purpose, he decided to contact Al Majmoua, hoping to acquire a loan that will help him renovate a house that he owns. He will then be able to lease the apartments and gain a monthly revenue, which will be greatly beneficial for his family in the long term.

In the future, Hassan wishes to expand his business.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $19,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $2,000 helped Hassan to renovate a house that he owns.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 6, 2013
Jul 4, 2013
Currency Exchange Loss:
Aug 3, 2013