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Ibrahim
Ibrahim, age 42, has worked in construction for 20 years. His construction work is his only source of income, so he works hard to keep his business updated with new construction tools. He and his wife have four children.

Ibrahim is requesting a loan from Kiva partner Al Majmoua in order to buy necessary tools and wood for his business. He intends to save part of it to pay for his children's education fees. This is Ibrahim's seventh cycle as an Al Majmoua borrower, and all his previous loans were repaid on time.

Ibrahim is a borrower in good standing and a man with a very good reputation. He is highly recommended by his customers. He hopes to stay capable of educating his children and providing them with a healthy standard of 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
  • 50
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ibrahim to buy necessary wood and tools for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 26, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013