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Naji
Naji is a 35-year-old married father of three children. For a living, he has been preparing the farm lands by driving his tractor across the fields for the past ten years. His wife is unemployed, meaning that his business is the only financial resource for the family.

He decided to contact Al Majmoua and acquire a loan because his family lives in a very dire situation, and any improvement in his work could benefit the family. Thus, the loan would allow him to purchase a kit for his tractor, improving his efficiency. In the future, he would like to expand his business.

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

  • $15,800
    Average annual income
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Naji to purchase a kit for his tractor, improving his efficiency.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Jul 31, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014