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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.

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 $2,300 helped Hafez to start a new business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 11, 2011
Apr 1, 2011
Currency Exchange Loss:
Jul 15, 2012