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Nazih
Nazih is a 48-year-old married man and father of eight children. This big family needs a lot of care and high income to cover their expenses. Nazih works in doing necessary maintenance to all types of cars but has specialized in changing fuel oil and lubricants for 30 years.

Nazih is applying for a loan from Kiva partner Al Majmoua to start a new business that will help in increasing his income and in covering his family's requests. He will open a Hookah shop and he will let his son manage it. He believes that his son is big enough to take the responsibility of improving and expanding such a business.

This is his second experience with Al Majmoua and he is a good standing borrower. He hopes to expand both businesses in the future as much as he can.

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
  • 92
    View loans »
    Lebanon Loans Fundraising
  • $15,270,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Nazih to open a hookah shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 20, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013