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Rawad
Rawad is a 32-year-old married man employed in a vehicle-repairing garage that specializes in body work. He has been doing this work for 12 years. His wife doesn't work and she is expecting their first baby soon. That is an additional expense he has to face and make to sure that he has the ability to provide his small family with the best possible healthy living conditions.
His low salary isn't enough for him to save money for emergency needs. That's why he is acquiring a loan from Kiva's partner, Al Majmoua, to pay his wife's hospital costs and the expected baby needs.
He hopes one day he can afford to open his own vehicle-repairing garage and improve his socioeconomic situation.

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
  • 105
    View loans »
    Lebanon Loans Fundraising
  • $16,205,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Rawad to pay for his wife's hospital expenses.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 15, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014