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Khaled
Khaled is a 49-year-old man who lives in Saida, southern Lebanon, with his wife and their four children. Khaled has been working as a taxi driver since 1992. He has requested a loan of 1000 US dollars from Al Majmoua in order to do some maintenance work on his car. This is the first time that Khaled has requested a loan.


Khaled is special in his work because he is good in timing. His clients are his friends, neighbors and others. He decided on doing his business because he wanted to be independent. In the future, he plans on purchasing a bus in order to organize trips.

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
  • 68
    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 $1,000 helped Khaled to do some maintenance work on his car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2009
Listed
Mar 5, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010