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Simon
Simon is a 34-year-old single man living in Saida. Simon is a taxi driver since 18 years of age, and it’s his only way of making a living. Simon is well known in his area and he has a very good reputation. Simon is requesting a loan from Al Majmoua for the second time in order to pay for what’s left on the cost of the car he bought to improve his business. His first loan was for improving his business, and it did. Simon hopes to open a private taxi company in the future.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $15,676,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Simon to pay for car bought to improve business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2010
Listed
Nov 30, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 30, 2011