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Sarkis
Sarkis is a 42-year old entrepreneur from Lebanon. He is married and has three dependents living with him. Sarkis has been working as a car painter since 2001. Since he has lots of experience in this domain from his previous job, he decided to open his own garage. His customers include neighbors and friends from his community. Sarkis is requesting a loan of $2000 from Kiva partner, Al Majmoua. Sarkis will use the loan to continue to develop his business. This is his fifth cycle and he has always paid on time. Thanks to his previous loans he was capable of improving his work and providing good quality services for his clients.

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
  • 43
    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 $2,000 helped Sarkis to develop his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2010
Listed
May 12, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2011