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Firas
Firas is a 32-year-old single man He has been working as a butcher for ten years now. In January 2013 he opened his current butchery, and he is working hard to develop it.

Firas is responsible for the living of three members of his family, which is an additional motive for him to develop and expand his business

He is acquiring a loan from Kiva partner Al Majmoua to pay what's left for him to pay for a car he bought on credit. That will help him to decrease his business transportation expenses and have money for necessary meat and supplies to his shop.

Firas’s future plans are to improve his business productivity and to expand his butchery.

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

  • $5,900
    Average annual income
  • 109
    View loans »
    Lebanon Loans Fundraising
  • $15,361,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Firas to pay what's left for him to pay for a car he bought on credit.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Oct 2, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014