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Izzat
Izzat, age 53, earns an income by gathering used tins and plastics and reselling these for recycling use. It's been 15 years since he started this business, and it is the only source of income for the family. He and his wife have three children.

Izzat's car needs a lot of maintenance in order for him to stay mobile and to improve and expand his sector. Is is why he has applied for a loan from Kiva partner Al Majmoua, in order to be able to perform necessary maintenance on his truck.

This is Izzat's twelfth cycle as an Al Majmoua borrower with an excellent repayment history. His previous loans have had positive effects on both his social and financial situations.

Izzat hopes he can buy a new truck in the future with the help of Al Majmoua loans.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $15,679,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Izzat to perform necessary maintenance on his truck.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2012
Listed
Feb 11, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013