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Antoine
Antoine is a 62-year-old married man, father of three children. He has worked as a blacksmith since 2000, and this long experience provided him with a very good reputation in the region. He also works as a math teacher to cover his family's expenses. Antoine is applying for a loan from Kiva's partner Al Majmoua for the first time, in order to buy a power generator that is very important for his business development, since electricity is a major problem in Lebanon with no clue that it will be solved soon.

Antoine is working hard on expanding his business as much as he can to keep on providing his family the necessary living needs.

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
  • 105
    View loans »
    Lebanon Loans Fundraising
  • $16,205,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Antoine to buy a power generator.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 4, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2013