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Rami
Rami is a 25-year-old engaged man who lives in Saida, southern Lebanon. He owns a restaurant where he does all types of sandwiches; he also serves homemade cocktails and has “narguileh” (also known as “shisha” in Egypt or hubble bubble or hookah in the United States). Narguileh is an ancient tradition enjoyed by the people of the Middle East. A tall (or short) water pipe is used to smoke fruit-flavored tobacco. Narguileh is enjoyed in cafes across the Middle East and is beginning to gain popularity in the US, Europe, and other countries.

Rami requested a loan of $2,000 from A. Majmoua in order to purchase merchandise for his restaurant, do some maintenance, and purchase a car for delivery. Rami has been investing a lot to make his restaurant known by the public. This is the first time that he has requested a loan.

Rami is speciA. in his work because he is known for his hospitality and for his good taste in sandwiches and drinks. His clients are his friends and neighbors. When he first started his business, he had a bad management. He decided on doing his business because of his experience, especially since he learned hotel management. In the future, he plans on improving and expanding his business.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,241,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Rami to purchase merchandise for his restaurant, do some maintenance, and purchase a car for delivery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010