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Khaled
Khaled is a 32-year-old single man who has worked in the construction business for six years. He started his own business in 2011. Khaled is a hardworking Palestinian, and he is devoted to his business in order to expand it and improve his living. He specializes in painting walls and ceilings. He is an expert as his customers describe him.

He is applying for a loan from Kiva partner, Al Majmoua, in order to complete necessary maintenance on his dream house for the beloved family he is working hard to have.

This is his first experience as an Al Majmoua borrower, and he hopes that it will be an important experience for a future partnership.

He hopes that he will be capable of buying his own house outside the Palestinian refugee camp and develop his business more.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Lebanon

  • $15,800
    Average annual income
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Khaled to complete necessary maintenance on his house.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014