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Elias is a 47-year-old married man and father of two children. He has been working in the wood business for 30 years. In 2011, he opened his present factory to expand his business more and more.

Elias is applying for a loan from Kiva's partner Al Majmoua to buy the necessary wood for a project he is working on and to increase his wood stock to benefit future requests.

This is his first experience as an Al Majmoua borrower and he hopes to invest his loan in the well-managed way that he is planning.

He hopes to expand his business in the future, move to a wider factory and recruit someone to help 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

  • $15,800
    Average annual income
  • 143
    View loans »
    Lebanon Loans Fundraising
  • $17,449,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Elias to buy wood to increase his stock for current and future projects.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 16, 2012
Nov 15, 2012
Currency Exchange Loss:
Feb 17, 2014