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Sadek
Sadek is a 44 year old married man and the father of 3 children. Sadek has had experience as a blacksmith since 1979. He started his own business in 1991 in order to provide his family with better living.

Sadek is a hardworking man and seeks the best for his customers and family, especially his wife and kids. He insists on providing his children with the best education ever and that's why he requested a loan from Al Majmoua-Kiva partner, in order to pay his children's school fees.

Sadek is a man with a good standing history and he has been a Al Majmoua borrower for three consecutive cycles, and hopes to continue to be a good borrower. He stated that the previous loans helped a lot in improving his family and business social and financial situation.
Sadek hopes to expand his business more and more in the future to insure covering his children's university education expanses.

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
  • 115
    View loans »
    Lebanon Loans Fundraising
  • $16,255,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Sadek to pay for his children's school expenses.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2011
Listed
Jul 25, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012