Check out some available loans that are similar to this one!
Marwan
Marwan is a 29-year-old married man living with his wife, Fatima, in Chtaura. Marwan has worked as a car repairer since 2000, specializing in bodywork. He is a expert in his field and anyone can see that the moment they see his work.

This is the first time that Marwan has requested a loan from A. Majmoua. He plans to buy an important steel welding machine which now comes in a new version: it’s known as a cold-welding machine, not like the regular one.

Marwan’s clients could be anyone: friends, neighbors, villagers, or friends of friends. His first obstacle was that people didn’t notice the location of his shop as it’s not on the main road: you have to search for it. However, this obstacle does not exist anymore as he’s kind of becoming famous.

Marwan states that he doesn’t have any other job, as he was raised to do this – his father is a car painter. His dream is to own his shop as it’s currently rented.

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
  • 39
    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 Marwan to buy an important cold-welding machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 30, 2010
Listed
Aug 28, 2010
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011