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Rabih

Update on Rabih

Rabih is a 46-year-old married father of two children. He works as a school bus driver, known for his patience and cautiousness in treating the students.

He has a big responsibility in his business, since he has to make sure that everything is going well with his bus and his health at the same time, because most parents rely on him for their children's safety.

Rabih is optimistic and he works hard to meet his children's needs.

He is applying for a loan from Kiva partner Al Majmoua, in order to pay for his children's school fees and materials, which is his main aim. This is his third loan cycle as an Al Majmoua borrower, with a good repayment history.

Rabih is still planning to buy another bus to expand his working zone and increase his income, but he'll wait to a suitable time when he finds himself financially capable of taking this step forward.

Previous Loan Details

Rabih is a 45-year-old married man from Lebanon, the father of two children. He is a school bus driver known for his patience and cautiousness in treating the students. He has a big responsibility in his business, since he is dealing with a lot of family's children and he has to make sure that... More from Rabih's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $15,275,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Rabih to pay his children's school fees.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015