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Rachid
Rachid is a 36 year old man who lives with his wife and their child in south Lebanon, in Saida. Rachid is a very ambitious young man. He is a blacksmith, and he works on cars. This is the sixth time Ali has asked for a loan from Al Majmoua. He is now planning to buy cars in order to sell them, and will then have two different income sources. Rachid always strives to develop and enhance his business. He has enough commitment and determination to make it.

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
  • 53
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Rachid to buy cars.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 15, 2007
Listed
Dec 1, 2007
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2009