Khalil specializes in transporting children from and back to school. During his free time, he works as a taxi driver to increase his income and develop his family's social and financial situations.
Khalil is applying for his first loan cycle from Kiva's partner Al Majmoua, in order to change his bus engine and pay for his wife's medical surgery. Both needs are important to him, since his bus is an essential source of income for him.
He is well known in the region and trusted by all of his customers who send their children with him.
Khalil hopes to buy another bus, and increase his income.
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.
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Success!! The loan was 100% repaid