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Ghassan
Ghassan is a 52-year-old married man, father of three children, who has been working in transportation since 2002. Ghassan wants to buy a new car that will help improve his business by attracting tourists who ask for a private taxi to go on a tour all over the country in a comfortable car. He said that "it is time to change my car, because this one is getting old and tired like humans it's almost its time to rest."

Ghassan intends to sell his current car and has requested a loan from Al Majmoua-Kiva partner, in order to add this money to what he gets from his car's price. This will allow him to purchase a new car.

This business is his only source of living, and he works hard to improve it to stay attractive to new customers and adapt to different changes. Ghassan hopes to stay healthy and active, in order to reply to all requested tours, and to keep on providing his family with the best living.

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

  • $5,900
    Average annual income
  • 81
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • 1,514.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ghassan to buy a new car to improve his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013