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Karim
Karim is a 35-year-old married man who has been working in selling clothes for 11 years. In 2011, Karim decided to start his own business since he has a long experience in this field and has a large network of customers.

His work is going on just fine covering its expenses and some of his social life needs since his wife supports their income and living needs.
Today Karim is applying for his third loan cycle from Al Majmoua kiva's partner, and he is sure that it will have an excellent effect on his business as the previous one did. He will also use part of the loan to buy necessary home needs. He will work hard on pleasing his customers as much as he can, because he is sure that they are the key to his success.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,832,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Karim to buy new spring-summer collection.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014