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Tarek is a 32-year-old married man. He has been working in his grocery store since 2006. Tarek is a hardworking man, well known in the region as a man with a good reputation and who offers special customer service.
Tarek wants to keep on improving his business, especially in the Holy Ramadan month. Most people are fasting and they come to buy goods from his shop – he has to be ready for any request. That is why Tarek has requested a loan from Kiva partner, Al Majmoua. This is his first loan and he hopes it will reflect positively on both his social and financial situation. Tarek's shop is located in a highly populated area, and his competitors are far away from his shop. That is why he is insisting on improving and increasing his merchandise to keep his customers satisfied.
Tarek used to work as a tailor, but he preferred to work with something that is directly to do with everyday living. Tarek hopes to expand his shop and introduce new products to his customers in the near future.

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
  • 128
    View loans »
    Lebanon Loans Fundraising
  • $17,359,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Tarek to increase his merchandise for Holy Ramadan.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 11, 2011
Aug 8, 2011
Currency Exchange Loss:
Aug 16, 2012