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Chadi
Chadi is a 31-year-old man who lives in Saida in southern Lebanon with his wife and their two children. Chadi has been working as a furniture painter since 1989. He repairs old furniture and even manufactures new furniture. He does bedrooms, living rooms, any rooms that need furniture.


Chadi requested a loan from Al Majmoua in order to purchase a new wood machine for his work. Chadi has been a micro-credit client for ten years now and has always paid on time.


Chadi is unique in his work because he knows how to treat his clients and always does a good job. His clients are his friends, neighbors and referrals. When he first started his business, he had difficulty building networking with clients and had some financial issues. Chadi originally decided to start this business because he wanted to have independent work. In the future, he plans to expand his business, and he also wants to open a grocery store.

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
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Chadi to purchase a new wood machine for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2009
Listed
Nov 14, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010