Khodor opened his car mechanic business 23 years ago. He was too young when he first started working. Since he left school at an early stage, he was only capable of finishing his intermediate classes.
Khodor is a caring father and a beloved husband. He is acquiring a loan from Kiva partner Al Majmoua, to pay for doing necessary maintenance to his house to keep it a healthy living medium during the coming winter season.
This is his third loan cycle as an Al Majmoua borrower with a good standing history of paying back.
His previous loan helped him a lot in developing and improving his business in a way that it's capable of covering a good part of his family's needs and requests.
As for the future, Khodor hopes to keep on expanding his business, in order to make sure he will stay capable of providing his children with the best living and the education he couldn't achieve.
About Al Majmoua – Lebanese Association for DevelopmentThe 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 Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid