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Khalil
Khalil is a 61-year-old married man and father of one child. He has been working as a taxi driver for eighteen years. He used to work as a tailor but he changed to a daily income business to improve his family's living. His car is his only way for making his living, so he has to keep it in good shape as much as he can. Unfortunately, he is facing mechanical problems with his car. That's why he applied for his first loan cycle from Kiva's partner Al Majmoua in order to change his car's engine as soon as possible to keep providing his family with the requested daily income necessary for living.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Khalil to change his taxi's engine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2013
Listed
Mar 10, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014