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Maher
Maher is a 45-year-old man who lives in Saida, southern Lebanon with his wife and their four children. Maher has been working as a car painter since 1983. Maher requested a loan of 2200 US dollars from Al Majmoua in order to purchase tools for his business. This is his third cycle and he has always paid on time.
His previous loans helped him improve his work as well as his financial situation. Maher is special in his work because he does it well. His clients are people from his region. When he first started his business, he had to face the competition. Maher decided on doing his business because he wanted to improve his financial situation as well as have independent work. 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

  • $5,900
    Average annual income
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $15,255,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Maher to purchase tools for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010