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Ismaiil
Ismaiil is a 33-year-old married man and father of two children. He has been working in the construction business since nine years ago. He specializes in pasting tile on walls, ceilings and floors.

Ismaiil is applying for a loan from Kiva's partner Al Majmoua, in order to start an additional business in parallel to his present one. With the requested loan, he will buy mobile phone accessories and prepaid cards and start trading them. In this way, he can provide for his family's unexpected needs.

In the future Ismaiil hopes to open his own construction company that has to do with the different construction needs at the same time and spread his services into wider regions.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ismaiil to start a new business selling mobile phone accessories and prepaid cards.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 21, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014