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Rabih
Rabih is a 38-year-old, married father of 5 children, who puts much effort into providing them with their living necessities and covering their education fees.

Rabih has worked as a butcher since 2006. He has one employee who helps him in responding faster to his customers’ needs. He is well known in the region for the good quality of meat he serves in addition to the special prices he offers.

Rabih is acquiring a loan from Kiva's partner Al Majmoua, to buy a car so he can expand his business and transport his goods easily from the market at a lower cost. He hopes to keep on expanding his business through opening a new branch and starting a wholesale trade.

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
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,000 helped Rabih to buy a car so he can expand his business and transport his goodseasily from the market at a lower cost.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2013
Listed
Dec 23, 2013
Currency Exchange Loss:
N/A
Expired:
Feb 21, 2014