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Karam is a 58-year-old married man, father of two children. He has been working in the food business for five years, but he opened his own restaurant in 2010.

His restaurant is specialized in preparing and selling freshly made pancakes with special ingredients, highly recommended by most of his customers. His shop is located in a very good region; it's on the main road, clear to everyone passing by.

Karam is planning to expand his business, that's why he applied for a loan from Kiva partner Al Majmoua, in order to do necessary interior decoration for his shop.

His shop is well known for its cleanliness and good taste, and highly recommended. He hopes to keep on expanding his business more and more to provide his family the best living.

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
  • 30
    View loans »
    Lebanon Loans Fundraising
  • $19,522,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Karam to do necessary decoration for his shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 24, 2012
May 24, 2012
Currency Exchange Loss:
Jun 17, 2013