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Merwan
Merwan is a 44-year-old husband and father of three who has worked as a mechanic for the past decade. His customers comprise relatives, friends, and others from the Aley district, where he is well-known and stands out from other competitors thanks to his formidable auto-repair skills. In addition to paying off excessive schooling debts, Merwan is applying for his first loan from Al-Majmoua in order to update some of the manual equipment in his workshop as well as to expand his business by adding electrical maintenance and oil-changing to his repertoire.
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مروان رجل متزوج وله ثلاثة أولاد يبلغ 44 سنة، يعمل في مجال الميكانيك منذ عشر سنوات، وهو معروف جداً في منطقة عاليه. زبائنه هم أبناء المنطقة، الأقارب والأصدقاء. تقدم مروان لأول مرة بطلب قرض من المجموعة، بهدف المساعدة في تكملة سداد الأقساط المدرسية الباهظة في المنطقة، بالإضافة إلى تجديد بعض المعدات اليدوية في مصلحته. خبرته في تصليح السيارات باتت شائعة في المنطقة، مما يساعد على تقويته امام منافسة الآخرين من هذا المجال. يهدف مروان إلى التوسع في المصلحة، من خلال إدخال الصيانة الكهربائية والإلكترونية، بالإضافة إلى غيار الزيت على مصلحته

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
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Merwan pay off school tuition, update equipment in work shop, expand services into electrical maintenance and oil changing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011