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Nabiel
Nabiel is a 48-year-old man who lives in Aley, Mount Lebanon with his wife and their two children. He has been working as a car repairer for over 15 years. He also sells car spare parts. His clients can be anyone from his region. When he first started his business, he didn’t face difficulties, whereas today he is facing competition, and he needs to be aware of new sophisticated tools, and purchasing these is a bit difficult since they cost a lot.

Therefore, he is requesting a second loan from A. Majmoua (knowing that he paid his previous loan on time) in order to purchase tools for his garage. These will allow him to improve his work quality, efficiency and financiA. situation. When Nabiel opened his garage, he decided to set up his business because he likes his work and he also wanted to have independent work. In the future, he plans to further improve 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

  • $15,800
    Average annual income
  • 54
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Nabiel to purchase tools for his garage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2010
Listed
Mar 8, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011