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Ghanem
Ghanem is a twenty-three-year-old single man living in Chehour, Southern Lebanon. Ghanem, like many other people, has been active in doing several jobs to improve his financial situation. Therefore, he has been working since 2003 as a house painter, as a school bus driver, as the owner of a mini-market, and as an employee in an orphans' association since 2008. Ghanem requested a loan from Al Majmoua in order to pay the remaining expenses for his bus driving job, which will help him increase his income during the summer season, when tourism increases. Ghanem’s clients are the local villagers and people from the neighboring villages. He hopes to reach a level where he can prove himself in interior design and can stop doing the other jobs.

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
  • 83
    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 $1,000 helped Ghanem to pay the remaining expenses for his bus driving job.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2009
Listed
Dec 22, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011