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Achraf
Achraf is a 30-year-old married man and the father of three children. Since 2008 he has been working in painting wood for living rooms, bedrooms and dining rooms, with 15 years of experience in the field.

He is requesting a loan from Al Majmoua in order to pay school fees, in addition to buying diesel fuel to use for heat in the winter season. His previous loans had a good impact on his business and his family income, and on both his social and financial situations. With the last loan, he bought a Renault Rapid car suitable for his business, to transport his tools and to deliver his finished work in a short period of time.

He is working on expanding his business, and hoping to invest everything he has in making it happen.

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
  • 104
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Achraf to pay school fees and buy diesel fuel for the winter.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 25, 2010
Listed
Oct 26, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012