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Reda
Reda is a 31 year-old married man who has worked as a van driver since 2001. Reda transports students to and from school. Reda started this business because he had problems finding a job with a good income. He is improving his business and himself. Reda is willing to expand his business through the addition of more vans. He requested a loan from Kiva partner Al Majmoua to conduct the necessary maintenance on his van. His clients recommend him to their friends because of his honesty and loyalty.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Reda to make the necessary maintenance to his van.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2010
Listed
Jan 4, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012