Update on InmarInmar is a 33-year-old married man and the father of one child. He has been the owner of an amusement center since 2004, with eight years of experience in this field of work. This is his sixth time requesting a loan from Kiva partner Al Majmoua and he has a good standing pay back history.
Today Inmar is requesting a loan in order to support his business by adding new entertaining games and doing necessary maintenance to his shop.
Most of his clients are his neighbors, teenagers and foreigners. He started his business with the money he borrowed from a friend, and from his work he was capable of paying back the money to his friend and adding extra equipment to his business, until he was introduced to Al Majmoua, and he started dealing them.
Inmar works hard to improve his social and financial situation, and he is willing to develop his business more and more in the future.
Previous Loan DetailsInmar is a 31-year-old man from Lebanon. He has been the owner of an amusement center since 2008, with 8 years of experience in this field of work. This is Inmar’s fourth time to request a loan from Al Majmoua, and he has a perfect loan repayment schedule. This time Inmar is requesting a loan in ... More from Inmar's previous loan »
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid