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Rafik
Rafik is a 54-year-old man who lives in Nabatieh in southern Lebanon with his wife and their four children. Rafik has owned a shoe shop for 30 years. He has requested a loan of $1,500 from Al Majmoua in order to purchase the new summer shoe collection. This is his third cycle and he has always paid on time.


His previous loan helped him improve his work and to diversify his merchandise. Rafik considers himself unique in his work because his store has a large variety of shoes.


In the future, he plans on expanding both his businesses.

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

  • $5,900
    Average annual income
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Rafik rafik will use the loan to purchase the shoes summer new collection.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010