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Nabih
Nabih is a 26-year old entrepreneur from Lebanon. He is single. He has been working for the past three years selling car accessories and hookas (an oriental tobacco pipe with a long, flexible tube that draws the smoke through water contained in a bowl). This has given him wide experience in this industry. His customers include neighbors, friends and other community members. Nabih says that he is very passionate about his work and that he could not imagine a life without it.

He is requesting a loan from Kiva partner, Al Majmoua. This will be his third loan from Al Majmoua; his previous loans had a big positive effect on his social and financial situation, and he is a borrower of good standing. He plans to use the loan to buy a bobcat for lifting heavy products and accessories from one place to another and he might also rent it to constructors.

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • 1,514.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,975 helped Nabih to buy a bobcat for lifting heavy products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2011
Listed
Jun 25, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012