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Ziad
Ziad is a 31-year-old married man and father of one lovely child. He sells coffee, hot chocolate, and several other hot and cold drinks to his customers. His business is improving, although he has been working in this field for only a year. Ziad used to work as a driver, but he wanted to improve his living through starting his own business. He took a courageous step. Most of his clients encourage him to expand his offerings, and he is taking a step towards expanding by requesting a loan from Kiva partner, Al Majmoua.

With the loan, he will buy a new espresso machine, which will respond to more customers at the same time. Ziad has been an Al Majmoua borrower for four consecutive cycles. He is a borrower in good standing and the loans reflect positively on his social situation. He hopes to keep expanding his business and his customers' trust.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $15,255,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ziad to buy new espresso machine necessary for improving his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Nov 22, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012