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Anonymous
The Kiva borrower is a 26 year old single man from Lebanon. He lives with his family and 6 siblings. He is a relatively new business owner - he started working as a flooring worker almost three years ago. His story illustrates the day-to-day challenges many people are facing in trying to help their families with their business income. Despite his situation, he feels positive about his business potential for the coming year because during those three years, he has been able to build a good business reputation. He is requesting to borrow $1000 from Kiva partner Ameen s.a.l. to buy tools for a project renovating a small building. And he will also purchase a small car to facilitate his transportation to the projects he works on. In the future, he looks forward to taking on bigger projects in his community.

Note: Based on the political and social challenges of Lebanon, personally identifiable attributes of this entrepreneur have been altered 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 for Lebanon's borrowers.

About Ameen:
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 specialized 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 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

Additional Information

Important Information

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.

About Lebanon

  • $5,900
    Average annual income
  • 70
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped this borrower to buy tools + purchase a small car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2010
Listed
Aug 5, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011