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Mohamad Ramzi
Mohamad Ramzi is a 63 year-old married man, and owner of the only Internet cafe in his region. He is a hard-working man who seeks the best to secure his family's living. He opened his Internet cafe to attract teenagers and students to keep them away from drugs and bad habits, as well as to improve his living standard. To allow his customers to spend their time smoothly and happily, Mohamad Ramzi has a small snack stand in his shop where he sells chips, soft drinks, and sweets. He has requested a loan from A. Majmoua to buy a juicer that will help introduce fresh juice to customers, and to increase his inventory of tobacco and sweets. Mohamad Ramzi enjoys being at work because he likes to watch his customers enjoy spending their time at his place. He hopes he can upgrade his machines in the future and expand his shop.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mohamad Ramzi to buy a juicer, tobacco, and a sweets for his Internet cafe.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012