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Saed
Saad is a 35-year-old, married father of three children. Previously, he ran a grocery store. Five years ago, he started his own sanitary-installations business. With hard work, effort and perseverance, Saad has succeeded in developing his job skills and experience.

Saad is applying for a loan from Kiva’s Partner, Al Majmoua, to buy a power generator necessary for his business. In the future, he also plans to modernize his equipment for greater efficiency at work. Saad is the only breadwinner in his family, and he is responsible for their needs and the household’s expenses.

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

  • $15,800
    Average annual income
  • 91
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Saed to buy a power generator necessary for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013