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Outhman

Update on Outhman

Outhman is a 48-year-old married man and the father of five children. He lives with his beloved family in Ain, where he has worked as a blacksmith for the last 30 years. Outhman is a hard-working man, and he is trusted and recommended by most of his customers. Most of his customers are from his village, and his business is highly sought after in the region.
Outhman is professional about his business. This is his second time to apply for a loan from Al Majmoua, which he will use to buy a new car to transport the iron pillars from one place to another, which is necessary to improve his business.
Outhman works hard to improve his business, to insure continuity, and to improve his family's social and financial situations.

Previous Loan Details

Outhman is a 47-year-old married man, and a father of five children. He lives with his beloved family in Ain, and he has worked as a blacksmith for the last 30 years. Outhman is a hardworking man, and he is trusted and recommended by most of his customers. Most of his customers are from his villa... More from Outhman's previous loan »

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.

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.

About Lebanon

  • $5,900
    Average annual income
  • 109
    View loans »
    Lebanon Loans Fundraising
  • $15,361,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Outhman to buy a new car that is needed for his business as a blacksmith.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2012
Listed
Jan 23, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014