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Nazih
Nazih is a 55-year-old married man and father of four children. He has more than 35 years of unique experience in agriculture with a deep knowledge in the growing of various products and plant rooting. Currently, he focuses on tobacco, which he sells to companies, as well as wheat and potatoes, which he offers at wholesale.

Nazih plans to further expand in his field and for this reason, he is applying for a loan from Kiva’s partner, Al Majmoua. He will invest the money from the loan in buying diesel for his water pump motor, an additional planetary for tobacco, and hiring temporary workers.

Nazih is satisfied with this lending model, which grants him continuity in his work. In spite of his great capacity in this field, he has suffered a lot of difficulties due to costly labor and the government negligence of the agriculture in Lebanon.

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
  • 97
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Nazih to buy diesel for his water pump motor.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013