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Imad
Imad is a 48-year-old married father of two children. He works as a cobbler in his own shop, where he fixes shoes and sells others. His wife is unemployed, which means that he is the only financial provider of the family. One of his children is enrolled in a public school, while the other is enrolled in a private school, which means that he has schooling expense fees on top of all the other expenses.

Imad contacted Al Majmoua to acquire a loan in order to purchase shoes that he would then be selling, as well as a new work kit. As for the future, Imad wishes to expand his business by opening up another shop where he would be selling shoes exclusively.

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

  • $15,800
    Average annual income
  • 60
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,000 helped Imad to purchase shoes to sell and a new work kit.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 3, 2013