Check out some available loans that are similar to this one!
Abdel Karim
Abdel Karim, 41 years old, lives in Tripoli, northern Lebanon with his wife and their three children. For 10 years, Abdel Karim has worked as a mechanic selling tires and changing car oil. Previously, Abdel Karim received a loan to help him improve his business and his financial situation. Abdel Karim is special because he renown for his good mechanic work in the region. When he first started his business, he didn’t have any difficulty. He pursued this business because he wanted to improve his financial situation and have an independent work life. In the future, he plans on expanding his business.

Abdel Karim is requesting a loan of 2000 US dollars from Al Majmoua to purchase merchandise, such as tires, tools and oil, for his garage. Abdel Karim has been a microcredit client for six years now and has always paid on time.

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
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Abdel Karim to purchase merchandise for his garage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2009
Listed
Mar 22, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010