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Jamal
Jamal is a 38 year old man who lives in southern Lebanon with his wife. Jamal has been working as a blacksmith since 1991. When he first started his work, he had some financial issues and faced difficulties in building networks. He decided on doing his business because of his experience and because he likes his work. He requested a loan from Al Majmoua in order to purchase tools for his work, like an electrical arc welding tool and an abrasive. This is his second cycle and he has always paid on time.

His clients are people from his region. In the future, he plans on improving his 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
  • 52
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • 1,501.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Jamal to purchase electrical wires for his work.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2010
Listed
Feb 2, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011