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Hayel
Hayel is a single 30-year-old man who lives in Nabatieh, Southern Lebanon. Hayel is newly engaged and is planning to get married very soon. Hayel is a car electrician who owns a garage; he also has been selling car accessories for nine years.



Hayel requested a loan from A. Majmoua in order to buy more car accessories to increase his income. Hayel has been a micro-credit client for two years now and has always repaid on time. His clients are those who own a car. Competition was one of the problems he faced but his experience is different from others. He plans to improve and expand his work in the future.

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
  • 81
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hayel to buy more car accessories to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2009
Listed
Nov 26, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010