Check out some available loans that are similar to this one!
Jalal
Jalal is a 27-year-old man who lives in Bekaa with his wife. Jalal has been working as an electrician for 10 years. He requested a loan of $1,200 from Al Majmoua, a Kiva partner, in order to purchase new tools for his business and purchase clothes for the new family member because his wife is pregnant with their first baby. This is his third cycle and he has always paid on time.


His previous loans helped him improve his financial situation. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. Jalal decided on doing his business because he learned it from his academy. 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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,580,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Jalal to purchase new tools for his business and purchase clothes for the new family member.
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