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Sobhi
Sobhi is a 36-year-old engaged man who has been working as a carpenter for ten years. Sobhi specializes in making wooden doors, closets, and furniture. He is very talented in his business and highly recommended by his customers.

Sobhi applied for his first loan from Kiva partner Al Majmoua in order to buy necessary tools for his business. He might also use part of the loan to finish building his dream house to get married soon. His house isn't too big since he is Palestinian, and the only place he can build it is in the Palestinian camp where he already lives. Sobhi is a hard worker who dreams of a bright future for himself and his family. He doesn't rest because he wants to expand his business and increase his income.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Sobhi to buy necessary tools for his business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2012
Listed
Jun 18, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013