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Emad
Emad is a 43-year old married father. Through his work as a truck driver and tools salesmen, he helps provide for the four members of his family. He has owned his shop, in which he sells second-hand tools, since 1990 and has acquired a lot of experience in this field. His main customers include local auto-repair shops and junkyards. Initially, he faced many challenges to get his business going because of the large number of competitors, but he has been able to stay ahead in this field because he is flexible when making purchases for his business. He has requested a loan of $1,000 from Kiva partner Al Majmoua. This is his first loan request to Al Majmoua, and he plans to use the funds to increase his working capital and buy more tools to sell to his customers.

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
  • 42
    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 $1,000 helped Emad to increase his working capital and buy more tools to sell to his customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2010
Listed
May 12, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011