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Imad
Imad is a 39-year-old married father of two children. He has been working in selling car hardware for eighteen years.
He is his family's sole breadwinner, his wife doesn't work, so he has to work hard to make sure that he can easily respond to his family's increasing needs.
Imad is acquiring a loan from Kiva partner Al Majmoua, to increase his business merchandise with special requested car hardware. He will use part of this loan to pay for his wife's hospital needs since they are expecting a new baby soon.

He hopes to keep on expanding his business to make sure that he will be capable of covering his children's future university fees.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Imad to increase his business merchandise with special requested car hardware.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014