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Hafez is a 42-year-old married man and father of three children. He has been working in the construction business for 23 years. In 1990, he started his own business to improve his family's living conditions and increase his income. Hafez is a Palestinian refugee who is working hard to move his family out of the camp they are living in, seeking a better life and future.
Hafez is applying for a loan from Kiva's partner Al Majmoua, to increase his supply of business tools by adding newly ones to make sure he is responding well to customer needs.
His work is mobile depending on a project's location. He is looking forward to opening a general contracting company.

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
  • 74
    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 $2,000 helped Hafez to increase his business tools and machines.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 14, 2013
Feb 11, 2013
Currency Exchange Loss:
Apr 16, 2014