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Refaat
Refaat is a 34-year-old, married father of two children. Four years ago, he opened his own grocery store, where he sells foodstuffs and candies. Refaat’s business evolved quickly since then as he has been the only shop-owner in the area.

Running his business as a one-man-show, Refaat deals directly with wholesalers. To save time and costs, he recently bought a car to enable him to drive to his various providers. He is applying for a loan with Kiva’s Partner, Al Majmoua, to pay for the registration of his vehicle so he can begin using it. In reducing his expenses, Refaat can accumulate more savings for himself and his family and even consider expansion plans in the 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

  • $5,900
    Average annual income
  • 105
    View loans »
    Lebanon Loans Fundraising
  • $15,334,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,000 helped Refaat to pay for the registration of his vehicle he will use for his business.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
N/A
Expired:
May 24, 2012