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Anonymous
The Kiva borrower is a 45-year-old married man and father of five children, two of whom are employed. A resident of Lebanon, he has over 25 years of experience working with spare car parts and car repair. He is the main provider of his family, although his two working children try to help him with a small amount of support. He is requesting $1200 from Kiva partner Ameen s.a.l to increase his inventory and therefore increase his sales. In the future, he plans to open a bigger store to trade and sell spare parts. He told us that he would like to one day open a big center.



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 of 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 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

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
  • 77
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped this borrower to increase his inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2010
Listed
Aug 23, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011