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Thaer
Thaer is a 42-year-old Palestinian married man, father of five children. He works and lives in a Palestinian Camp just like most of his citizens.
Thaer is a hard working man who puts so much effort to on improving his family's social and financial situations. Thaer owns a van which he works on to transport people from one place to another covering Beirut region since 2009, he also owns a power generator that provides the camp with the necessary electricity since they have lack of it.
Thaer works hard to support and expand both businesses, in a way that they reflect positively on his family's social and financial situations, he hopes to keep on providing them with the necessary living issues they might need.
Thaer applied for a loan from Kiva partner Al Majmoua, in order to support his power generator business through buying big quantities of Diesel in special price that will surely increase his income.
He is already Al Majmoua borrower for two cycles, in which he invested them in improving business and home maintenance,with a good standing paying back history.
Thaer hopes to build his own house in the future which is a dream he is working hard to make it true.

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Thaer to support his power generators business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013