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Ghazi
Ghazi has been working as a blacksmith for 25 years. He is a 54-year old man who lives in Bint Jbeil, Southern Lebanon with his wife and their three children. He has requested a loan from Al Majmoua in order to purchase tools for his work. This is his second loan cycle and he has always repaid on time.

His previous loan helped him improve his work as well as his financial situation. Ghazi does his work well. His clients can be anybody from his region or surrounding regions. When he first started his business, he didn’t have start-up capital and he had to face competition. Ghazi decided on this business because he wanted to work independently and use his experience. In the future, he plans on improving 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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Ghazi to purchase tools.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010