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Nazih, age 41, is a borrower from Lebanon. He is the father of three children. He has been working as a blacksmith since 2000. He is skilled at many kinds of metalwork including the making of furniture. Nazih is proud of his experience and strong reputation, but he notes that it has been a challenge to secure financing for his business.

Today, for the first time, Nazih is requesting a loan from Kiva partner Al Majmoua in order to purchase an iron-cutting machine. In the future, he hopes to continue improving and expanding 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
  • 142
    View loans »
    Lebanon Loans Fundraising
  • $17,449,875
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Nazih to purchase an iron-cutting machine.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 28, 2010
Jul 5, 2010
Currency Exchange Loss:
Oct 15, 2011