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Salah
Salah is a 37-year-old man who lives in Saida in southern Lebanon with his wife and their three children. Salah has been working as a blacksmith and as a taxi driver since 2002. Salah is an active man who does his best to improve his family's financiA. conditions. He decided to start working as a blacksmith because he had gained experience and likes it. As for his taxi, it allows him to increase his income and continue working after he is done with his work as a blacksmith.



He requested a loan from A. Majmoua in order to purchase iron for his work and do some maintenance work on his car. This is his fourth loan and he has always paid on time. His previous loans allowed him to continually improve his work as a blacksmith, and also his financiA. situation.



Salah is speciA. in his work because he does it well. His clients are his friends, neighbors, and people from his region. When he first started his business, he didn’t have enough cash to have all the required tools. Salah decided on doing his business because he wanted to have an independent job which allows him to set his own schedule and work as a taxi driver. In future, he plans to keep on improving his businesses.

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
  • 139
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Salah to purchase iron for his work and do some maintenance work on his car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011