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Nahroud
Nahroud is a 43-year-old married father of two children. He owns a business that produces furniture and has 25 years of experience. His wife is currently unemployed, which means that he is the only financial provider for the family. Both his children are enrolled in private schools to provide them with a good education, and this means that Nahroud has to pay their tuition fees on top of all the other family expenses. He decided to contact Al Majmoua and acquire a loan in order to enhance his factory. In fact, he will be purchasing new wood capital at special prices, which will increase his output, and thus his revenue. As for the future, Nahroud wishes to launch an actual factory.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Nahroud to purchase new wood with special prices, which would increase his output and thus his revenue.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 12, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014