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Tarek
Tarek is a 26 year old man who lives in Saida, southern Lebanon. Since 2004, Tarek has owned and operated a coffee shop where he offers billiards, cards, other entertainment games, and Internet access. He also serves narguileh (also known as 'shisha' in Egypt) which is an ancient tradition enjoyed by the people of the Middle East. This tall (or short) water pipe is used to smoke fruit-flavored tobacco. Tarek requested a loan from A. Majmoua in order to purchase merchandise and new narguileh for his shop. This is the first time that Tarek has requested a loan.
Tarek is talented in his work because his clients feel comfortable coming to his shop and enjoying a nice coffee or drink with their narguileh. His clients are his friends, neighbors, passers-by and people from his region. When he first started this business, he had difficulty purchasing all the necessary merchandise for his shop, and the shop did not have a nice decor. Tarek decided on going into this business because he wanted to have independent work. In the future, he plans to keep on improving 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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $15,595,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Tarek to purchase merchandise for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2010
Listed
Jan 13, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011