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Rabie
Rabie is a 35-year-old married father of one child. He owns a small garage where he works in bodywork for vehicles. His wife is a housewife, which means that he is the only financial resource of the family. However, his income is not sufficient for three people living under the same roof.

He decided to acquire an Al Majmoua loan in order to improve his business. He wishes to purchase old cars in order to renovate them and sell them on the market. As for the future, he wishes to purchase even more cars.

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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Rabie to purchase old cars in order to renovate them and sell them on the market.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2013
Listed
Jun 15, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014