A loan of $1,000 helped to increase his hardware capital through buying more scrap and registering his truck to keep it legally working in the Lebanese territories.


Asaad's story

Asaad is a 35-year-old married father of two children. He is a Palestinian refugee, who has been working in the scrap trade business since 2010. His business is doing just fine, but needs an additional external support to develop it and increase his business capital.

Asaad also works in renting motorcycles, which is a requested service in his region. He used to work in renting and making necessary maintenance to bicycles, but he is working on developing another business sector to respond better to his family's needs.

Asaad is acquiring his seventh loan cycle from Kiva partner Al Majmoua, which he describes as his lifetime companion, to increase his hardware capital through buying more scrap and registering his truck to keep it legally working in the Lebanese territories.

Through his previously acquired loans Asaad declares he was capable of developing both businesses easily and this was reflected positively on his family's socioeconomic situation.



Loan details


Lenders and lending teams



Loan details