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Zakaria is a 42 year-old married father of four children. He owns a small business where he has worked as a carpenter for 13 years while he opened his own business in 2008. His wife is unemployed, indicating that he is the only financial provider of the family. His children are enrolled in a public school in order to provide them with an education that he did not have the opportunity to acquire, since his highest degree is intermediate.

Zakaria contacted Al Majmoua in order to enhance his business and increase his revenue. In fact, he decided to acquire a loan in order to register his business and his pick up in the state's papers. As for the future, Zakaria wishes to expand his business.

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
  • 151
    View loans »
    Lebanon Loans Fundraising
  • $17,449,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Zakaria to register his business and his pick up in the state's papers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 10, 2013
Jul 4, 2013
Currency Exchange Loss:
Jun 17, 2014