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Malek is a 53-year-old man who lives in Nabatieh, southern Lebanon with his wife and their two children. For the last two years, Malek has made a living selling dairy products. He is applying for a loan of $2,000 from Al Majmoua to buy a new refrigerator. This is the first time that Malek has requested a loan from us, but we are confident he will be able to repay because he sells a wide range of products and knows how to treat his clients, who come from all across his area.

When Malek first started his business, he didn’t have startup capital, but he did have lots of experience that helped him succced. In the future, he 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
  • 90
    View loans »
    Lebanon Loans Fundraising
  • $19,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Malek to buy a new refrigerator for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 23, 2009
Apr 1, 2009
Currency Exchange Loss:
Apr 15, 2010