This Kiva borrower is a 25-year-old single man living with his mother and one brother in Lebanon. This young man decided in 2008 to start his own business by providing Internet connections to his town and its surroundings. He has been involved in this type of occupation for the past four years.
Despite his young age, he is taking care of his family with his business income. His story illustrates the day-to-day challenges many people are facing in trying to take care of household expenses, sick and aging family members, and at the same time run a business. Today, he is requesting to borrow $1,000 from Kiva partner Ameen s.a.l. to purchase an Internet network in order to expand his business. This type of business is very common in Lebanon.
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 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.