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Hassan
Hassan is a 42 year old married man from Lebanon. He lives with his wife and four young children. He has been working as a car mechanic for 30 years, and he opened the garage he is working at in 2007.

Today, he is requesting to borrow from Kiva partner Al Majmoua to purchase mechanical machinery to facilitate his business operation. He notes that this machinery will help him repair the cars faster and more easily.

This is his fifth cycle as an Al Majmoua borrower, with a good standing history. Hassan specializes in fixing car bodies and color. In the future, he is planning to expand his business into other areas.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Hassan to purchase mechanical machinery.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2011
Listed
Sep 15, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012