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Ramez
Ramez is a 62 year old man who lives in Saida, southern Lebanon, with his wife. Ramez has owned a grocery store for a few years. He has requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise for his store. Ramez has been a microcredit client for seven years now and has always repaid his loans on time.
His previous loans helped him improve his business as well as his financial situation. Ramez is special in his work because he knows how to treat his clients and he also stays open until late in the evening. In the future, he plans on improving and expanding his business.

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.

About Lebanon

  • $5,900
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,832,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ramez ramez will use the loan to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2009
Listed
Mar 2, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010