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Gabi
Gabi is a 60-year-old married man and father of three children. He has been a specialist repairing car bodies for 50 years. Gabi was only 10 years old when he first started working, not having a normal childhood like others. He works hard to provide for his family's needs. Gabi's work is hard and needs an increased physical effort. He is getting old which is why he must do his best now to increase his income to insure his old-age living needs. Gabi always dreams to improve his work, so he requested a loan from Kiva's partner Al Majmoua. With the loan capital, he will be able to buy a used car that needs to be repaired and sell it. This will help him to start a small car-trading business. He'll also buy spare parts and special tools for his business.
His wide experience with Al Majmoua loans and in his business has brought him positive outcomes. Gabi is grateful for Kiva and Al Majmoua for supporting him.

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
  • 77
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Gabi to buy a used car that needs to be repaired and sell it to start a small car-trading business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013