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Ibrahim
Ibrahim is a 50-year-old, married man, and the father of seven children. Two years ago, he opened his own electricity supply station, and now he employs three permanent workers. In a country where electricity is not continuously provided, Ibrahim’s business can be quite profitable. The concept is that the people in the village subscribe to Ibrahim’s service and pay a monthly fee for the supplementary electricity they are getting.

Since his business mainly relies on the motor generators he has, Ibrahim is applying for a loan from Kiva’s partner, Al Majmoua, to repair one of his three generators. This would increase his productivity, and consequently, his electricity supply and revenues. Though his business didn’t start well because of his weak experience in the field, Ibrahim was able to progress due to his market-oriented thinking, his integrity and competitive prices.

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

  • $15,800
    Average annual income
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ibrahim to repair one of his three generators, which will improve his ability to supply electricity and earn revenue.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014