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Rani
Rani is a 37-year-old married father of two children. He has been working in repairing the body of cars for eighteen years. In 2006, he established his current business, which is doing just fine but is considerably low income. His family's increasing educational and living needs made him think of starting another business.

Rani is acquiring a loan from Kiva partner Al Majmoua to buy a small van, which he will use to gain additional income through providing transportation services.

He hopes that in the future he can establish a car selling showroom.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,200 helped Rani to buy a small van which he will use to gain additional income through providing transportation services.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 16, 2013
Currency Exchange Loss:
N/A
Expired:
Feb 14, 2014