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Ramzi
Ramzi is 46, married, and the father of four children. He has sold clothes for eight years. He doesn’t have a shop but uses his car to visit several villages each day to sell as much as he can because he believes that a person must hunt for clients. Competition is very strong which is why Ramzi does not wait for clients to come to him. His honesty, good reputation, and good-quality products keep his clients loyal. This is Ramzi’s sixth cycle with Al Majmoua, which attests to his being a man in very good standing. Every time he requests a loan from Al Majmoua, he increases his capital, as he will do this time. Ramzi hopes to improve his business in many ways -- through wholesale and improving quality.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $5,900
    Average annual income
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Ramzi to increase his capital.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2010
Listed
Aug 25, 2010
Currency Exchange Loss:
N/A
Ended:
Dec 30, 2011