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Moustafa
Moustafa is a 25-year-old man who lives in Tyre, southern Lebanon. He has been working as a mechanic for four years. He has requested a loan of 1000 US dollars from Al Majmoua in order to purchase new and more sophisticated tools for his business. This is the first time that Moustafa has requested a loan.

Moustafa is exceptional in his work because his clients are collectors and dealers of old cars, and also because of his good reputation. Moustafa’s business is to recreate the old body of used and damaged cars. When he first started his business, he had difficulties purchasing his own machinery and tools needed for the business.

In the future, he plans to purchase a big oven for painting which will help him in 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

  • $5,900
    Average annual income
  • 55
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Moustafa purchase new and more sophisticated tools for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2008
Listed
Dec 16, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010