Check out some available loans that are similar to this one!
Rami
Rami is a 40-year-old, married father of two children, who has been working in selling coffee and hot drinks since February 2012.

Rami is a hard worker; he used to work as an electrician but the increasing family needs made him change his working sector to a daily income business, which he is doing fine with.

Rami is acquiring a loan from Kiva partner Al Majmoua, to buy a new updated espresso coffee machine, which is very important for developing his business and providing his customers with specially made coffee and hot drinks.

Rami is working hard to open a new coffee shop in the future instead of the current rented small place he is working in.

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

  • $5,900
    Average annual income
  • 73
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Rami to buy a new updated espresso coffee machine.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015