Update on KhaledKhaled is a 40-year-old married man and the father of four children. Khaled works hard to improve his business. He is a man with a very good reputation.
Khaled had a very good experience with Kiva partner Al Majmoua and has a good standing repayment history.
Khaled has worked in repairing cars and vehicles for 23 years. This experience gives his customer's a sense of trust and commitment.
Khaled is working hard to improve his business, that's why he is starting to expand it, through a requested loan from KIva partner Al Majmoua, in order to pay for what's left from the price of a car he bought in order to fix and sell it.
So,Khaled is heading towards trading with cars, which is a good way to increase his income and to improve his living. He hopes to keep on expanding his business in the future as much as he can.
Previous Loan DetailsKhaled is a 40 year-old married man, who lives with his wife and four children in Ain. He has worked in car repair since 1988 and is very experienced in this field. Most of his customers recommend him to others. Khaled has been an A. Majmoua-Kiva partner for ten consecutive cycles and all his pre... More from Khaled's previous loan »
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid