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Jaafar
Jaafar is a 36-year-old single man from Lebanon. He is living with two family members. He has been working as an auto-repairman for 18 years. He specializes in tires. In 2006, he opened his own tire shop. He sells, buys, and fixes tires as well as sells car lubricant. He notes that securing sufficient capital for his business has been a challenge. He is proud of his experience and hopes to further expand and improve his work in the future.

He is requesting a loan from Kiva partner, Al Majmoua. He plans to invest in a new electric generator for his work. This is important in Lebanon where there are frequent power outages, often for multiple hours in the day. He says that the generator will help him increase his work productivity.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,855,850
    Funds lent in using Kiva
  • 1,501.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Jaafar to invest in a new electric generator for his work.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2010
Listed
May 13, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011