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Nizar
Nizar is a 42 year old Man who lives in Saida, southern Lebanon. He has owned a phone shop for a year and a half. Nizar also sells recharge phone cards. He requests a loan of $2500 from A. Majmoua in order to purchase recharge cards. This is the first time Nizard has requested a loan.


Nizar is speciA. in his work because he has competitive prices. His clients can be anybody. When Nizar first started his business, he didn’t face difficulties. In the future, he plans on expanding 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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Nizar purchase recharge phone cards.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010