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Rabih
Rabih, a 42-year-old married father of two children, has worked as a carpenter specializing in furniture-making for the past 16 years. Rabih was a weekly employee until he decided to start his own business. He bought his machines gradually, because he didn't have enough money to buy them all at once.



Rabih is a hard worker who puts so much effort into improving his business to improve his family's living conditions and move from the Palestinian area they are living in. He is working hard to educate his children to see them become significant people in the future, and he hopes that the Palestinian's situation will get better in Lebanon so they will be capable of choosing their own working sector like other persons.



Rabih is requesting a loan from Kiva's partner Al Majmoua to buy new tools that will enable him to bring a high quality to requested projects in a short period of time. This will lead to increased net profits that will allow him to elevate his family's social and financial standing. Rabih hopes to expand his working zone and hire employees to cover a wider area, thereby enhancing his furniture-making reputation.



Rabih hopes to buy a house of his own and open a supermarket 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

  • $15,800
    Average annual income
  • 92
    View loans »
    Lebanon Loans Fundraising
  • $16,124,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Rabih to buy tools necessary for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 8, 2012
Listed
Aug 6, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013