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Abed El Karim
Abed Al Karim is a 21 year old man who lives in Bourj El Barajneh, southern suburbs of Lebanon. Abed Al Karim has been working as a motorcycle repairer. Abed Al Karim has requested a loan from Al Majmoua in order to purchase tools for his work. This is the first time that Abed Al Karim has requested a loan.
Abed Al Karim is special in his work because he does it well. His clients can be anybody from his region. When he first started his business, he didn’t face the competition. Abed Al Karim decided on doing his business because of his experience in his 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
  • 76
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Abed El Karim abed El Karim will use the loan to purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010