Borrower: Mr. Rabih
Rabih is a 36-year-old man, married with four children. He owns a clothing shop, which he has been running for more than 15 years. With the help of his father, he was able to open the shop to start earning a living.
Emkan Finance has been instrumental in helping Rabih finance his business expansion plans. Rabih started his relationship with Emkan Finance by taking a $1,600 loan to purchase clothes to increase inventory. Soon after he repaid his first loan, he followed up with a second loan of $5,600 to purchase a variety of clothing and shoes. More recently, he secured a $6,000 loan to open other branches.
Rabih is now the owner of three branches that sell a variety of clothing items from suits to casual wear for all ages. This expansion allowed him to substantially increase his client base as well as his profit.
Rabih’s goal is to open a sports apparel shop, which he believes will attract more clients especially the younger generation. Emkan Finance is glad to continue its support of Rabih’s initiative and help him realize his goals.