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Tarek
Tarek is a 43-year-old married man, father of two children. He has been working in providing electricity to his villagers since 1992. This kind of business is essential in his region, and all over Lebanon, because it's a big problem that has no solution at the present time.

Tarek is working on improving and changing his power cables and network to keep his customers pleased with the service he provides, that's why he applied for a loan from Kiva partner Al Majmoua to buy new cables and renew his network.

Tarek is hoping to expand his working region through buying more power generators in the future to start providing electricity to neighboring villages at competitive prices. He hopes to keep on providing his family the best living ever, in addition to higher education.

Tarek was an employee until two years ago in 2010, when he decided to buy the generator from his boss and start his own business to improve his family's standard of living.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,832,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Tarek to support his power supply business with doing necessary maintenance to his cables and networks.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013