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Elie
Elie owns a car services workshop. He washes, sells and changes the oil of cars. He is a 36 year old man who lives in Ferzol (Bekaa) with his wife. Elie plans to restore his house. He therefore needs to generate more revenues from his business. He intends to purchase new tools and merchandise to offer more services to his clients. Elie and his wife are very happy about the idea of renovating their home.

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
  • 26
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elie to purchase new tools and merchandise for his car services workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 19, 2007
Listed
Nov 1, 2007
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2009