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Rameh
Rameh is a 24-year-old single man responsible for providing for six members of his beloved family. Being the sole breadwinner is a big responsibility; that's why he has to work hard to stay capable of developing himself to be capable of starting his own business.

Rameh has been employed in a car maintenance garage since 2005, and he is getting a wide experience in his domain; that's why he is acquiring a youth loan from Kiva partner Al Majmoua to buy a car, which will help him do mobile mechanical services on his own that will increase his income and develop his living.

Rameh is very anxious about this loan. He is working hard to start his own business, and this is his first step forward.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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.

About Lebanon

  • $5,900
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,824,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Rameh to buy a car, which will help him do mobile mechanical services.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2014
Listed
Feb 12, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2015