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Toni
Toni is a 46-year-old married man living in Bekaa with his wife and two children. Since 1990, Toni has worked changing car oil and wheels. He is an expert in his field, and his customers like dealing with him because his work is very good, he is clean and his customer service is excellent. To earn a second income, Tony plants tobacco and he pays severA. workers to harvest the crops.
Toni is requesting a loan from Kiva partner, A. Majmoua, in order to improve his business by adding more products. He will also use the loan to pay his workers in his second business. Toni's garage is in a very good place and most passers-by visit him, which is a very good point. Toni hopes to improve and expand both businesses 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

  • $15,800
    Average annual income
  • 99
    View loans »
    Lebanon Loans Fundraising
  • $16,099,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Toni to purchase additional items to sell in his repair shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012