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Apr 13, 2017 6:17 AM ET

Lebanon: Raji: A loan of $1,500 helps to buy a new vehicle to commute to work and reach customers faster.

iCrowdNewswire - Apr 13, 2017

Raji

Lebanon
 
 
Borrower image
 

A loan of $1,500 helps to buy a new vehicle to commute to work and reach customers faster.

Raji’s story

Raji is a 40-year-old married father of six and a Syrian refugee who fled the war in Syria with his family back in 2013, seeking shelter and hope for a better life. He found a job in a small electrical company and later became a freelance electrician to augment his job income.

Raji is a first-time borrower from Kiva’s field partner, Al Majmoua, and wishes to use this entrepreneur refugee loan in order to buy a new vehicle so he will be able to commute to work and reach customers faster.

By contributing to this loan, you would be facilitating Raji’s job and improving his business productivity.

This loan is special because:

It gives opportunity to Syrian refugees who have fled the war in Syria. 

Lev Plaves
Kiva staff

More about this loan

This loan provides Syrian refugees currently living in Lebanon access to financial services that are denied to them through traditional sources and micro-finance institutions. Al Majmoua provides these loans to individuals and groups. The group loans use an innovative structure that connects both refugees and Lebanese nationals to increase collaboration and lower discrimination between the two. By supporting this loan, you are helping Syrian refugees, one of the most marginalized individuals in Lebanon, develop their businesses, provide for their families and integrate into the Lebanese society.

About Al Majmoua:

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.

Contact Information:

Raji

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