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Akil is a 37-year-old single man, who is financially responsible for one member of his family. He sells cars for a living, with two years of experience in his domain, but his good reputation provides him with support and recommendations from his customers.
Akil is very cautious about his business and cars; he works hard to keep his business up to date and to be more productive. For this reason, Akil is acquiring a loan from Kiva partner Al Majmoua to buy new car accessories, which will attract customers and meet their needs.
His future plans are to expand his business through increasing the number of cars he owns and to open a bigger showroom.

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
  • 50
    View loans »
    Lebanon Loans Fundraising
  • $19,292,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $3,000 helped Akil to buy new car accessories.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 29, 2013
Oct 5, 2013
Currency Exchange Loss:
Nov 4, 2013