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Ghaleb
Ghaleb is a 43-year-old, married man and father of four children. He owns a bobcat machine and has 15 years of experience using it to transport different requested items. His services are highly requested in his area because of the projects that villagers are developing since the end of the war. Ghaleb is a hard worker and he does his best to develop his business and keep his family satisfied.

Ghaleb is applying for a loan from Kiva partner Al Majmoua Lebanese Association for Development to buy an asphalt "Tar" grinder to start a new business that will help increase his income and improve his family's social and financial situation. This is his sixth cycle as an Al Majmoua borrower and he is proud that his previous loans helped to improve his business. He will continue to improve his work as much as he can for his children.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $15,679,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ghaleb to buy a tar grinder to start a new business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 25, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013