Check out some available loans that are similar to this one!
Atef
Atef is a 33-year-old married man and father of one child. Previously, he worked as a driver in a company. In 2006, he opened up his own narguile (hookah) business, offering a free delivery service. This model is quite popular in the country and especially in Atef’s region. With his excellent social relations, good geographical location and quality tobacco flavors, Atef has developed a good reputation in his neighborhood.

Working from his house, Atef needs to renovate the room he uses for narguile preparations; over the years, it got very tainted due to charcoal burning. He applied for a loan from Kiva partner Al Majmoua. He will also invest part of the loan in doing necessary maintenance in his house, in addition to paying extra school fees. Additionally, he will use the rest of the money for his delivery car’s engine maintenance.

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
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,295,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Atef to renovate the room he uses for narguile (hookah) preparations.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 29, 2012
Currency Exchange Loss:
N/A
Expired:
Jun 28, 2012