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Mazen
Mazen is a 37-year-old married father with two children. He works as a house painter on construction sites. His wife is unemployed, meaning that he has to provide the financial resources for the whole family. However, Mazen wishes to start a new business fixing motorbikes. Thus, Mazen needed the support of Al Majmoua, which is why he decided to request a loan and purchase a work kit that will allow him to launch his business. Hopefully, Al Majmoua will be supporting Mazen every step of the way. In the future, he wishes to further expand his business and start selling motorbikes.

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
  • 39
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • 1,511.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mazen to start a new business fixing motorbikes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2014