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Fouad
Fouad has been working in agriculture for eight years. He also does recycling. Fouad is a 39-year old man who lives in Bint Jbeil, Southern Lebanon with his wife and their child. He has requested a loan of $2000 US from Al Majmoua in order to purchase tools for his work. This is his second loan cycle and he has always repaid on time.


His previous loan helped him improve his work as well as his financial situation. Fouad does his work well. His clients can be anybody from his region. When he first started his business, he didn’t have start-up capital. Fouad decided on this business because he wanted to work independently. In the future, he plans on improving 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
  • 111
    View loans »
    Lebanon Loans Fundraising
  • $15,361,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Fouad to purchase tools for his work.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010