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Khalil
Khalil is a 36-year-old married man who has worked as a car mechanic since he was 16 years old. He is a father of three children who are enrolled in a private school, which is an increasing burden on him since his wife doesn't work. Khalil is a hard worker, and he puts a lot of effort into satisfying his family's needs.
His work is going on just fine, but it is not enough for him to buy anything he needs at anytime, that's why he is applying for his first loan from Kiva's partner Al Majmoua to buy furniture for his house. Khalil hopes to open a bigger workshop in the future.

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
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,300 helped Khalil to buy necessary furniture for his house.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 13, 2013
Currency Exchange Loss:
N/A
Expired:
Aug 12, 2013