Update on KhodorKhodor is a 45-year-old married man and the father of two children. He has been working in the transportation business for 14 years. He is well known in the region for his good reputation and hard work.
Khodor is applying for his tenth loan cycle from Kiva partner Al Majmoua in order to register the land he bought with a previous loan to start an agricultural business. His previous loans helped him a lot in improving his business through buying necessary transportation and agricultural tools and machines.
He is planning to start the agricultural business to increase his income and improve his living. Khodor hopes to keep on expanding his business and developing his working habits.
Khodor also owns a tractor, which he uses to fix other people's land in order to plant new seeds or small trees.To support his family, Khodor runs several businesses. In addition to driving his tractor, he bakes Markouk bread and sells it to a few shops and individuals who request continuously from him. He also works at harvesting olives for olive tree owners during the harvest season.
Previous Loan DetailsKhodor is a 43-year-old married man living in Tyre with his wife and one child. Khodor owns a tractor which he uses to fix other people's land in order to plant new seeds or small trees. To support his family, Khodor runs several businesses; in addition to driving his tractor, he bakes Markouk… More from Khodor's previous loan »
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid