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Amine
Amine is a 53-year-old, married man and the father of four children. He has been working as a car mechanic for 42 years, and he opened his present garage in September 2003. Amine was only 11 years old when he started working, and he didn't have a normal childhood like other children his age.

Amine works hard to provide his family with a secure and healthy life. For this reason, and to keep pleasing his customers, he has applied for a loan from Kiva's partner Al Majmoua to buy a new scanner machine necessary for checking in cars. His old one isn't working anymore, and he really needs it in his business.

This will be Amine's second cycle as an Al Majmoua borrower, with good standing and repayment history. He hopes to open another business in the future, where he sells spare car parts and hardware.

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
  • 99
    View loans »
    Lebanon Loans Fundraising
  • $15,091,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Amine to buy a new scanner for his car repair business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2012
Listed
Nov 15, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014