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Samer
Samer is a 29-year-old man who lives in Bint Jbeil, southern Lebanon. Samer has been working as a car electrician for over a year. When he first started his business, he had difficulty finding the proper place to open his garage. His clients are his friends, neighbors and people from his region, and now Samer is respected because he has proven to be a trustworthy electrician who does good work. He is requesting a loan from Al Majmoua to purchase tools and equipment so he can continue to build his business. This is the first time that Samer has requested a loan. In the future, he plans on expanding his business by selling spare car parts.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,614,075
    Funds lent in using Kiva
  • 1,504.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Samer to purchase tools and equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2009
Listed
Dec 13, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010