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Nasser
Nasser is 42 years old, married and, has four children. He has worked as a mechanic since 1989. This long experience gives him a special place in this area as he is recommended and supported by his customers.

Nasser is requesting his fifth loan from Al Majmoua, which he will use to buy new tools and spare parts. All of his previous loans were invested in his business in a well managed way. Nasser hopes to continue to expand his business and increase his customer base.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,789,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Nasser to purchase new tools and spare parts.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013