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Yasser has been a car painter since 1987. His clients are people in his neighborhood, relatives and their friends. His special relationship with his clients is a positive incentive for improving his work. In the future, he plans on improving and expanding his business and income by owning a big painting oven. He requested a loan from Al Majmoua in order to buy a car and start a small car trading business.

Yasser is a 46 years old man who lives in Saida, Southern Lebanon with his wife and their four children.

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
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Yasser to buy a car and start a small car trading business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 16, 2009
Dec 12, 2009
Currency Exchange Loss:
Mar 15, 2011