Funded

Total loan: $2,300
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Hafez

Lebanon
Baalback, Lebanon / Auto Repair

A loan of $2,300 helped to start a new business.


Hafez's story

Hafez is a 28-year-old married man and the father of two children. He lives and works in Baalback. Hafez used to transport people to and from their homes or work. Since 2000 he had also taken tourists all over Lebanon.

Hafez wanted to settle down, so he thought of starting a new business which could help provide his family with a good income that would lead to a secure and healthy life. Hafez chose to open a car wash and maintenance garage specializing in oil changes.

Hafez has requested a loan from Al Majmoua to assist in establishing his new business. This will be Hafez's third cycle as an Al Majmoua borrower, as he has proven to be a man with a good repayment history. All of his previous loans have positively affected his social and economic life.



Loan details

Loan length:

17 months
Disbursed date: March 11, 2011
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development

Lenders and lending teams



Loan details

Loan length:

17 months
Disbursed date: March 11, 2011
Facilitated by Field Partner: Al Majmoua Lebanese Association for Development