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Ramzi is a 32-year-old single man and owner of a household goods store for the past 8 years. Ramzi sells many useful things in his shop such as gifts, antiques and decorative things. He has been using micro-credit through Al Majmoua since 2007, and he’s totally convinced of its procedures. He used these loans to increase his capital and it was obvious to everyone that his work was expanding. His experience in this field of work gave him a positive point to improve his work constantly.

Ramzi is requesting a loan for the same reason this time: in order to buy different new collections for his business. He’s always working on improving and developing his inventory.

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

  • $15,800
    Average annual income
  • 33
    View loans »
    Lebanon Loans Fundraising
  • $19,527,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Ramzi to buy new collections.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 4, 2010
Aug 25, 2010
Currency Exchange Loss:
Dec 15, 2011