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Mounir
Mounir is a 55-year-old married man, father of six children; he has been working in transportation since 2002. He enjoys his business, since he comes in contact with different populations and listens to a variety of stories and problems.

Mounir is a hard worker with a very good reputation; he is well known in the region. Mounir applied for a loan from Kiva partner Al Majmoua, in order to do necessary maintenance on his van, to keep it in good shape to attract new customers.

Mounir will also invest part of the loan in doing necessary maintenance on his house to keep it a healthy living medium for his family members. This is his fifth cycle as an Al Majmoua borrower. He assures that his previous loans reflected positively on his family and business development.

He hopes to buy another van in the future and to open a touristic company that makes trips all over 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

  • $5,900
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,000 helped Mounir to do necessary maintenance on his van.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 26, 2012
Currency Exchange Loss:
N/A
Expired:
Aug 25, 2012