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Rida is a 50-year-old, married man, father of three children. He has been working in the mechanic business, manufacturing special metal parts for 30 years. Rida is very talented in his business and well known in his community.

Rida is applying for his first cycle loan from Kiva partner, Al Majmoua Lebanese Association for Development, in order to change his car's engine, which is very important for his business transportation and customer service.

In the beginning, Rida was a worker in his shop and he developed himself to be a partner. In the future, he hopes to keep on expanding his work through opening another branch.

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
  • 46
    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 $1,000 helped Rida to change his car's engine for his business transportation and customer service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 8, 2013
Jan 28, 2013
Currency Exchange Loss:
Sep 17, 2013