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Asaad T. is 37 years old who lives in Nabatieh, Southern Lebanon with his wife and their three children. Asaad has been working as a car repair man for four years. He requested a loan of 1000 US dollars from Al Majmoua to purchase tools for his garage.

This is Asaad's first loan. Asaad does his work really well. His clients are his friends and neighbors. When he first started his business, he had difficulty finding the proper place to open his garage. Asaad decided to create his business because of his experience and plans on expanding his business in the future.

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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $19,500,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Asaad to purchase tools for his garage.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 16, 2009
Mar 24, 2009
Currency Exchange Loss:
Apr 15, 2010