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Nachaat
Nachaat is a 34-year-old man who lives in Nabatieh, southern Lebanon. Nachaat has been working as a car repairer for ten years. He requested a loan of 1500 US dollars from Al Majmoua to purchase tools and car spare parts for his garage. This is his second cycle and he has always paid on time.
His previous loan helped him improve his work. Nachaat is special in his work because he does it well. His clients can be anybody from his region. When he first started to work, he didn’t face any difficulty. Nachaat decided on doing this work because of his experience. 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Nachaat to purchase tools and car spare parts for his garage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010