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Rabih
Rabih is 31 years old and lives in Saida, southern Lebanon, with his wife and two children. He has been working as a successful furniture painter for eleven years. His clients are friends, neighbors and other craftsmen such as carpenters, designers, etc. When he first started his business, he didn’t face difficulties. Rabih set up his business because he learned it when he was young, and he also wanted to increase his family’s income.


Rabih has requested a loan of $1,300 USD from Kiva partner, Al Majmoua, in order to purchase tools for his work. This is his fourth loan cycle and he has always paid on time. In the future, he plans on opening his own shop and purchasing new tools.

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
  • 108
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Rabih to purchase tools for his furniture-painting work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 14, 2009
Listed
Sep 2, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010