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Mostafa
Mostafa is a 48-year-old Palestinian married man, father of four children. He has been working at manufacturing aluminum windows, doors and displays since 1982. In 2000, he started his own business to make sure that his family's income will be increased to cover their expenses and needs.
Mostafa has applied for his first loan cycle from Kiva's partner Al Majmoua, in order to pay for his son's school fees and buy necessary tools to manufacture aluminum products.
He is optimistic about this loan, and is hoping that one day he will expand his factory and move it to a larger location to deliver new requests.

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
  • 53
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mostafa to pay for his son's school fees and buy necessary tools to produce aluminum items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2013
Listed
Feb 28, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014