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Hasan is a 37-year-old man who lives in the southern suburbs of Lebanon with his wife and their child. Hasan has owned a fish shop for twenty-five years. He sells all kinds of fish, depending on the season. Hasan requested a loan of 1000 US dollars from Al Majmoua in order to purchase a new refrigerator and do some maintenance work in his shop. This is the first time that Hasan has requested a loan.

Hasan is special in his work because he fishes for different types of fish; his shop is clean as well. His clients are his friends, neighbors and people from his region. When Hasan first started his business, he didn’t have any difficulty. He decided on doing his business because he wanted to have an independent job. In the future, Hasan plans on expanding 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
  • 133
    View loans »
    Lebanon Loans Fundraising
  • $18,215,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hasan purchase a new refrigerator and do some maintenance work in his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 10, 2009
Mar 26, 2009
Currency Exchange Loss:
Apr 15, 2010