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Khaled is a 55 year old man who lives in Tripoli, northern Lebanon with his wife and their three children. Khaled has been working as a furniture repairer and painter. He requested a loan from Al Majmoua in order to purchase tools for his work. This is the first time that Khaled has requested a loan.
Khaled is special in his work because he is known for his good work. His clients are his friends, neighbors and others. When he first started his business, he didn’t face difficulties. Khaled decided on doing his business because he wanted to have an independent work.

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
  • 51
    View loans »
    Lebanon Loans Fundraising
  • $19,292,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Khaled to purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 18, 2009
Sep 22, 2009
Currency Exchange Loss:
Oct 15, 2010