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Nazih
Nazih is a 55 year old man who lives in Tripoli, northern Lebanon with his wife and their four children. Nazih has been selling fruits and vegetables in his van since 1984. His clients are his friends, neighbors and fruits and vegetables shops. He requested a loan from Al Majmoua in order to purchase fruits and vegetables. This is the first time that Nazih has requested a loan.
Nazih is special in his work because all his clients like him and feel comfortable buying from him since he sells a good quality of merchandise. When he first started his business, he didn’t face difficulties. Nazih decided on doing his business because he wanted to have an independent work.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,789,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Nazih to purchase fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2009
Listed
Oct 13, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010