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Nazih
Nazih is a 58 year old man who lives with his wife and their 3 children in Saida, southern Lebanon. Nazih owns a small shop where he sells underwear. He is a very energetic man who works 12 hours per day in order to provide a suitable life situation for his family. He has requested a loan of 1200 US dollars from Al Majmoua in order to purchase products for his shop since he wants to diversify 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Nazih to purchase more products for his shop.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 26, 2008
Listed
Nov 11, 2008
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009