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Nicolas
Nicolas is a 62-year-old married father of three children. Since 1995, he has worked in distributing water for daily and agricultural use to villagers since lack of water is a major problem in Lebanon.

Nicolas is a hard worker and he puts much effort to reply directly to customer requests.

He is acquiring a loan from Kiva partner Al Majmoua in order to buy bigger water storage tanks in order to store water to increase his water capital and respond to increasing customers’ requests.

Nicolas is planning to buy a new agricultural tractor that he will use to expand his working sector in agriculture as an additional income 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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 41
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Nicolas to buy bigger water storage tanks to store water to increase his water capital and respond to increasing customers’ requests.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Oct 3, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015