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Khouder is a 53-year-old man who lives in Beirut, the capital of Lebanon, with his wife and their three children. Khouder sells paintings and their frames. You can even bring him a painting and he will put it in a frame. He also repairs and cleans frames. Khouder does excellent work because he knows his craft. His clients are his friends, neighbors and tourists. He decided on this business because he wanted to work independently and because he used to paint when he was younger.

He requested a loan from the Kiva field partner, Al Majmoua, in order to purchase new frames for his shop and to purchase a car for his wife. This is the first time that Khouder has requested a loan. This loan will help him to diversify his merchandise. In the future, he plans to open an exhibition room.

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
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $19,258,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Khouder to purchase new frames for his shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 7, 2009
Dec 14, 2009
Currency Exchange Loss:
Apr 15, 2011