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Ibrahim
Ibrahim is a 26 years old married man, living with his wife in Bint Jbeil. Ibrahim has owned a gym since 2010. He has 10 years of experience in this field and it's very important when running this type of a business to have a minimum of this range of experience.

Ibrahim is requesting a loan from Al Majmoua for the first time, in order to add walking machines (treadmills), since his customers are increasing and because this is the only gym in the region and most of his residents are requesting such a services.
Ibrahim is taking this step to satisfy his customers needs and in order to open a new branch in the future.

In the beginning Ibrahim had financial problems and some obstacles during the start up of his business and so he had few machines. But, through his strong will and hard work, Ibrahim expanded his gym and is willing to do more 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
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    Funds lent in using Kiva
  • 1,501.1
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ibrahim to buy additional new walking machines (treadmills).
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2011
Listed
Apr 7, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 16, 2012