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Chawkat is a 26-year-old married man and father of one child. Since 2003, he has worked fixing car bodies. His business is improving because he is working hard at it for his family’s benefit. He makes sure they have a main source of income. Chawkat is applying for a loan from Al Majmoua, in order to buy necessary machines and tools that will help a lot in improving his business. These items will help him do the requested work in a very professional way and in a short period of time. Chawkat hopes to open a big car maintenance company that provides a wide variety of services for cars.

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
  • 62
    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 $800 helped Chawkat to buy necessary machines and tools for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 30, 2011
Oct 29, 2011
Currency Exchange Loss:
Nov 15, 2012