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Asaad is 32 years old. He has been working in the bike rental business for 10 years. Asaad likes his work and wishes to secure himself a bright future. He always works on developing himself as well as his business. Asaad has a good credit history with Al Majmoua. His previous loan helped him improve his living standard and grow his business. He wants a loan from Al Majmoua to buy, repair and resell old bikes. He wishes to fulfill his strong ambition: owning a shop so that he can increase his income.
View original language description ↓
اسعد في عمر 32 سنة يعمل في تأجير الدراجات الهوائية له في عمله 10 سنوات يحب عمله ويسعى دائما الى
تطوير نفسه وعمله وتكوين مستقبل جيد له تاريخ جيد مع المجموعة حيث كان له تأثير جيد على مستوى المعيشي
له وتجديد مصلحته يريد من خلال طلب قرض له من المجموعة شراء دراجات هوائية قديمة وتصليحها حتى يستطيع بيعها
من جديد له طموح كبير بأن يصبح صاحب محل خاص له حيث يريد ان يزيد من مدخوله

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
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $17,414,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Asaad to purchase, repair, and resell old bikes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 13, 2010
Jan 2, 2011
Currency Exchange Loss:
Jan 17, 2012