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Raed
Raed is a friendly and kind young man. He’s 24 years old. He’s single, living with his parents and one working sibling. A few years ago, Raed started to manage the family expenses supporting his father. And since he noticed that his income did not satisfy their needs, he decided to launch a clothing business with the small amount of money he already had. He sells a wide variety of men's clothes, from which he earns a fair amount of money daily. To better develop his work, he’s requesting a youth loan from Kiva partner Ameen s.a.l. He will use the loan to buy more merchandise for his business, such as pants, t-shirts and other items. This will allow him to offer a greater variety of products and thus improve his income. Raed wishes to open other branches as soon as possible.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

Important Information

Due to political and social challenges in Lebanon, personally identifiable attributes entrepreneurs may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.

About Lebanon

  • $5,900
    Average annual income
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Raed to buy more merchandise for his business, such as pants, t-shirts and other items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2012
Listed
Nov 16, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013