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Bachir
Bachir is a 48-year-old married father of one child. He has been working in the aluminum business for twelve years. At the beginning, he had financial problems, since he couldn't buy anything he needed for his business immediately. Today, his business is going just fine, but he needs extra external financial support to expand it. That's why he entered a second cycle loan with Kiva's partner Al Majmoua, in order to buy a large quantity of glass at good prices to improve his business. This loan will surely decrease part of his indirect business expenses, because he won't limit his work to specialized glass work, and the earnings for his services will increase. In this way, he will have merchandise available to work with. He hopes to expand his work and to move to a larger place soon.

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
  • 99
    View loans »
    Lebanon Loans Fundraising
  • $15,295,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Bachir to buy a large quantity of glass at very good prices to improve his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 15, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015