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Rakan is a 33-year-old married man and father of two children. He lives with this family in Chtoura, in the Bekaa. Since 1995, Rakan has worked as a small-business entrepreneur, selling seasonal fruits and vegetables that he buys from local farmers.

Today, Rakan is requesting a loan to purchase merchandise in order to fill his shop. In this way, he hopes to increase his sales and therefore his income. This is the first time that he has requested a loan. Rakan is known for the good quality of his produce and hopes to continue to satisfy his customers' demands in the future.

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

  • $15,800
    Average annual income
  • 125
    View loans »
    Lebanon Loans Fundraising
  • $16,571,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Rakan to purchase fruits and vegetables to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 23, 2010
Apr 20, 2010
Currency Exchange Loss:
Apr 15, 2011