Update on Ibrahim"My name is Ibrahim. I have a big van. I also have a smaller one that is old and needs mechanical work and a new paint job. So I've sold it and I'd like to purchase a better one in its place. I've got 25 years of experience in this business."
Ibrahim has been able to support his family of five children through his work as a van driver. He owns two vans, one which he uses to transport children to and from school (the big van, in which he is standing for the film), and the other to transport workers to their jobs in the Beqaa Valley. This year, Ibrahim made the business decision to sell his smaller van and purchase a new microbus, instead of spending more money on increasingly costly repairs.
Previous Loan DetailsIbrahim is a 41 year old married father of five children. He works as a driver transporting students and tourists, which he has been doing for 12 years. He wants to develop and progress his business as he is a compassionate father who wants to secure a good comfortable standard of living and… More from Ibrahim'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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