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Rateb
Rateb is a 41 years old married man, living in Chtoura with his wife and 4 kids. He works several jobs. First, he owns a shop where he sells gifts, gadgets, accessories and Hooka (i.e., a single or multi-stemmed instrument for smoking where the smoke is cooled and filtered by passing through water). The tobacco smoked using the Hooka is referred to as narghile or shisha (sheesha) in the United Kingdom, United States and Canada. Originally from India, hookah has gained popularity, especially in the Middle East and is becoming more popular in North America, South America, Europe and Australia.

Two months ago, Rateb opened a grocery store in order to increase his family's income. He is requesting a loan from Al Majmoua, in order to increase his capital and improve the grocery store. Rateb is well known in his region as an honorable man; he cares about customer satisfaction, which helps his business at the same time. This is Rateb's third loan cycle with Al Majmoua; his previous loans helped improve his social and financial situation.

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
  • 82
    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 $1,000 helped Rateb to improve his new opened grocery store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2011
Listed
Mar 23, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 21, 2012