Ragheb

Thank you for your loan. It has been disbursed to Ragheb by Ameen s.a.l. in Lebanon. We are excited to watch this business grow. Over the 12 months of this loan, Ameen s.a.l. will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.

We visited Ragheb in his store where he repairs cars and sells car and motorcycle parts. He used the loan he took to buy some unassembled mopeds in order to resell in his store. The loan allowed him to expand his work by providing new mopeds in his area.

Ragheb is always looking for new opportunities to increase his income. Right now his main focus is on introducing a number of items for sale in his store. There is strong demand for mopeds in the area for use in the nearby farms.

Ragheb's store is just outside the southern coastal town of Saida. The town has a population of about 150,000 and is located in the South governorate. Lebanon is divided into six governorates. The town is famous for its sea castle and its fishing port. Saida also boasts an old town with buildings dating back several centuries.

About Ameen:

Ameen was established in 1999 in Lebanon as a micro-credit program funded by USAID, under the patronage of CHF International. CHF is a non-profit organization working in more than 35 countries. Evolving successfully to a separate company, Ameen today is a Lebanese financial institution specialized in microfinance. Ameen’s goal is to contribute to the economic and social development of the community.

Ameen provides financial services to micro-entrepreneurs and low-income households to help them develop their businesses and improve their living standards. Ameen offers loans for small businesses, housing and consumer needs. Ameen's beneficiaries work in a variety of sectors and include activities such as handcraft, trade, services, small industries and agriculture to name a few.

Since Ameen’s inception, over 26,000 micro-entrepreneurs and low-income households have benefited from its services, with more than 68 million US dollars disbursed representing over 52,000 loans. Supported by a dedicated team of professionals, Ameen currently partners with four local banks in more than 67 branches with an outreach spreading all over Lebanon, from Beirut and its suburbs, to the Bekaa valley, the South, Mount Lebanon and the North.

Click here to make a loan to an Ameen borrower.