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Murad
Murad is a 46-year-old married man and the father of four children. He has been working in selling car's accessories and spare parts, in addition to changing car lubricants since March 2012. He used to work in a satellite business, but he preferred to move to a better requested business.

Murad has a big family which he has to take good care of; that's why he puts so much effort into expanding his business as much as he can.

This will be Murad's second loan cycle as an Al Majmoua borrower. His previous loan was invested in expanding his business, and today he will invest this loan in buying a car that is necessary for his business. He will use it to transport his new products from the wholesale market to his shop, and he is planning to start passing by nearby villages to continue marketing his products, in order to increase his income.

He hopes to keep on increasing and developing his income to provide his family with the best living ever.

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
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Murad to buy a car necessary for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Feb 17, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014