This Kiva borrower is a 30-year-old single man from Lebanon living with his parents. He has owned a mini market in his town since 2006. With his business income, he helps his father with the family expenses. He took his first loan from Kiva to purchase an accounting system and has been a reliable borrower with on-time repayments throughout his loan cycle. He also decided to repay his full loan amount several months early. He is now asking for a new, larger loan of $2000 to increase his inventory and reinforce his productivity. He is certain that the loan will allow him to expand his business.
Note: Based on the political and social challenges of Lebanon, personally identifiable attributes of this entrepreneur have been withheld to protect him or her (i.e., blacking out portions of the entrepreneur in his/her picture, not indicating his/her name and location, etc.) Ameen s.a.l. appreciates Kiva lenders' understanding of these challenges and encourages lenders to continue their support of Lebanon's borrowers.
About Ameen: Ameen s.a.l. has been a major player in Lebanese Microfinance 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 to 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.