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Fayssal, 47 years old, is married with 4 children. He lives with his family in the North of Lebanon.

Fayssal needs a loan of $1,200 so he has enough capital to purchase a small van. He has a business selling sweets and he would like to use the van so he can drive from village to village and sell his sweets.

This is the first time Fayssal is requesting a loan from Al Majmoua. He promises to repay the loan on a monthly basis.

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
  • 31
    View loans »
    Lebanon Loans Fundraising
  • $19,512,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Faysal to purchase a minivan to distribute sweets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 12, 2008
Aug 4, 2008
Currency Exchange Loss:
Oct 15, 2009