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Kazem

Update on Kazem

Kazem is a 41-year-old married man who has been working selling mobile phones, accessories and recharge cards for five years. In 2012, he opened his current mobile shop, to improve his living and increase his income. Kazem also sells water, soft drinks, chips and chocolate to diversify his products and increase his income.

Kazem is working on expanding his business. He is acquiring a loan from Kiva's partner Al Majmoua, to buy a special blender and a balance to start whipped cream production, as an additional business.

Kazem is a hard working man who puts so much effort into pleasing his customers and developing his business. He has many future plans, and he will try his best to make them come true, through opening an international call center.

Previous Loan Details

Kazem is a 41-year-old single man who has been working selling mobile phones, accessories and recharge cards since 2008. In 2012 he opened his own mobile selling shop, to improve his living and increase his income. His business is developing slowly, that's why Kazem has to increase his product di... More from Kazem's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Kazem to buy a special blender and a balance to start whipped cream production.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014