The Kiva borrower is a 41-year-old married man and father of two school-age children. He has owned a furniture painting shop for the past 27 years. He has a lot of experience in this occupation. He paints all types of furniture.
He is the main provider and he works hard to satisfy the demands of his family and its heavy expenses. He cooperates with some galleries and makes paintings for their furniture and he gains his own profit from it, in addition to painting used furniture upon the request of clients.
He is thankful for his business income over the years. And in order to continue expanding his business, he is requesting to borrow $1,000 from Kiva partner Ameen s.a.l. to buy a new painting compressor. And with the help of the loan, he will be able to take more project orders.
Note: Based on the political and social challenges of Lebanon, personally identifiable attributes of this entrepreneur have been altered to protect him (i.e., blacking out portions of the entrepreneur in his picture, not indicating his name and location, etc.) Ameen s.a.l. appreciates Kiva lenders' understanding of these challenges and encourages lenders to continue their support for Lebanon's borrowers.
Ameen s.a.l. has been a major player in the Lebanese microfinance sector since 1999. Originally a micro-credit program created by CHF International, Ameen evolved to become Ameen s.a.l. in 2003, a Lebanese services company. In 2007, Ameen s.a.l. registered with the Central Bank of Lebanon to become the first Lebanese financial institution specializing in microfinance.
At Ameen s.a.l., we pledge to provide financial services to the largest number of micro- and small-business entrepreneurs and to the working poor to help them develop their businesses and improve their incomes.
Ameen has been able to use its interest-free loans from Kiva to offer lower-interest loans with faster disbursement for their micro-loan borrowers. Since its inception, Ameen has provided high-quality financial services to over 41,000 borrowers and disbursed over 81,000 loans totaling $115 million. To learn more about Ameen, please visit http://partners.kiva.org/partners/115
Due to political and social challenges in Lebanon, personally identifiable attributes entrepreneurs may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.