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Tarek
Tarek is a 44-year-old man who lives in Bourj El Barajneh, in the southern suburbs of Lebanon with his wife and their three children. Tarek has owned a paper factory for thirty years. He produces paper. Tarek requested a loan of 1500 US dollars from A. Majmoua in order to purchase merchandise for his factory. This is the first time that Tarek has requested a loan.



Tarek is speciA. because he has competitive prices and he produces good quality paper. His clients are companies. When he first started his business, he didn’t face difficulties. Tarek decided on doing his business because he wanted to have an independent job. In the future, he plans on improving his factory.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Tarek to purchase merchandise for his factory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2009
Listed
Apr 3, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010