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Abd Alkarim
Abd Alkaim, a 28-year single man from Lebanon, rents a shop to provide auto and motorcycle repair services. He also buys and sells spare parts. Abd has been working in auto repair since 2008 and has eight years of experience in the industry. His main customers are friends and community members, and he is proud of the quality of service he provides, saying that his work is unmatched by other area repair shops. He decided to pursue a job in auto repair to gain experience and as a way to help support his family.



Abd notes the challenge in acquiring sufficient capital to help grow his business, which is one reason he is seeking his first loan of $1500 from Kiva partner Al Majmoua. In the future, he hopes to further expand his business.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Abd Alkarim to help grow his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2010
Listed
May 10, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011