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Rami
Rami is a 23-year-old single man living alone in a town in the Bekaa valley. He works as a painter in the construction and renovation field. He also owns an espresso machine, which provides him with extra income so that he can pay his education fees. He is enrolled in a technical school in order to gain more experience, improve his work skills, and satisfy his customers. Rami lives alone, which means he has to provide for himself everyday of the year, without any assistance. He has decided to acquire an Al Majmoua YOUTH loan in order to update his business tools and materials, and in addition, to be able to settle his college tuition fees

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. 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. 

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
  • 94
    View loans »
    Lebanon Loans Fundraising
  • $16,152,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Rami to update his business tools and materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 15, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014