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George
George is 62 years old and married. He has worked for twenty years providing ceramics for homes, offices, and workshops. He derives great satisfaction from his work, although he struggles against fierce competition and a lack of capitA.. To this end, he wanted to seek a loan from A. Majmoua to purchase a saw and other equipment for his business. Ultimately, George hopes to one day be the proud owner of a large establishment selling appliances both retail and wholesale so that he can secure a good future for his children.
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جورج متزوج عمره 62 سنة يعمل في تعهدات البلاط للمنلز والمكاتب والورش له في عمله 20 سنة يحب هذا العمل ويرى انه بحاجة الى دعمه بشكل اكبر فهو يسعى الى تأمين حياة كريمة تضمن له العيش بشكل جيد يريد من خلال طلب قرض من المجموعة الى شراء عدة للمصلحة منشار وعدة يعاني من منافسة قوية ورأس مال ضعيف هذا ما يعيق تطور العمل يطمح بأن يصبح صاحب مؤسسة كبيرة تقوم على بيع المعدات بالمفرق والجملة حتى يؤمن مستقبل جيد لأولاده

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
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped George to purchase a saw and other equipment for his ceramics business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2011
Listed
Jun 1, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012