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Josef is a 36 year old man who lives in the Bekaa with his wife and their two children. Josef has been working as a taxi van driver since 1996. He also works as a school bus driver. Josef requested a loan of 1500 US dollars from Al Majmoua in order to do some maintenance work on his van before schools starts. This is the first time that Josef has requested a loan.

Josef is special in his work because he knows how to take care of his clients. His clients can be anybody from his region, as well as students. When he first started his business, he didn’t have a lot of cash. He decided on doing his business because he wanted to have an independent work as well as he is known for his good reputation. In the future, he plans on expanding his business by having a bigger bus.

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
  • 143
    View loans »
    Lebanon Loans Fundraising
  • $17,449,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Josef to do some maintenance work on his van.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 14, 2009
Sep 9, 2009
Currency Exchange Loss:
Oct 15, 2010