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Nidal
Nidal is a hard-working and active young man. He is 33 years old, married, and has two children. He has been working in the business of stone cutting for the past 14 years, but only started own business in 2008. At first Nidal encountered difficulties such as not being known by customers and his limited experience. Things have, however, started to change and he is gaining customers’ trust. His passion for the stone craft and his good experience are what have made it possible for him to have his own business. Nidal submitted a request for a loan from the Lebanese Association for Development, Al-Majmoua, in order to purchase new casts for industrial stone molding, as well as to complete the construction of his workshop. Nidal aims to expand his business and enlarge his workshop.
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نضال شاب مكافح ونشيط، يبلغ 33 عاماً، متزوج وله ولدين. يعمل في مجال صناعة الحجر الصخري الصناعي منذ 14 سنة، ولكنه يعمل لحسابه الخاص منذ 2008. واجه نضال مشاكل عند بداية العمل لحسابه الخاص، منها عدم معرفة الزبائن له، بالإضافة إلى قلة خبرته في البداية ولكن الوضع تغيير الآن وثقة الزبائن به تطورت. حبه للعمل في مجال الحجر وإتقانه لهذه المصلحة، هو ما خوله إمتلاك عمل خاص. تقدم نضال بطلب قرض من الجمعية اللبنانية للتنمية-المجموعة، وذلك بهدف شراء قوالب جديدة لصب الحجر الصخري الصناعي، ولتكملة بناء المعمل. يهدف نضال إلى تكبير المصلحة، وتوسيع المعمل

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
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Nidal to buy necessary tools for his business and to complete building his workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2010
Listed
Sep 30, 2010
Currency Exchange Loss:
N/A
Ended:
Nov 19, 2011