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Rakan
Rakan is 62 years old and works selling foods, groceries and canned food items, etc. He has 19 years of experience in his work. He is married and has four children. He works very hard and likes to work. He continually strives to develop his business. He would like to increase the income of his family, and to improve their material situation and social status. His business stands out from others because he offers all of the needed items in his region. With a loan from al-Majmoua, he would like to buy new goods for his store. The only difficulty he faces in his business is a lack of capital, and this is what hinders him from developing his business.
ركان في عمر 62 سنة يعمل في بيع الطعام والمواد الغذائية والمعلبات وغيره له في عمله 19 سنة متزوج وله 4 اولاد يعمل بكد ونشاط محب للعمل يطور عمله باستمرار يريد ان يزيد من مدخول عائلته وتطويرهم ماديا واجتماعيا يتميز عمله بوجود جميع متطلبات منطقته يريد من خلال طلب قرض من المجموعة الى تقوية المصلحة وشراء بضاعة جديدة للمتجر يواجه صعوب فقط في راس المال وهذا ما ينقصه ليتطور

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

  • $15,800
    Average annual income
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,166,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Rakan to obtain new goods for his grocery store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2011
Listed
Apr 5, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 21, 2012