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Tony is a 42-year-old married man and a father of three children. He has been an employee in a tile factory for 27 years. His job is his only source of income, and he has to work hard to make sure that his employers are satisfied with his work.

He has been an Al Majmoua borrower for two cycles, with good standing in his paying back history. His previous loan was requested for the same reason as the present loan. He will pay for his children's University and school fees. Stephanie is a 23-year-old female, Jessica a 21-year-old female and Daniel is a 13-year-old male.

Tony will use part of the loan to prepare his house for necessary winter heating. He is very pleased with Al Majmoua loans because they help him fulfill his needs and satisfy his family's desires without asking for others' help.

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
  • 127
    View loans »
    Lebanon Loans Fundraising
  • $18,206,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Tony to pay his children's school fees.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 11, 2012
Jan 10, 2013
Currency Exchange Loss:
Jul 17, 2014