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Fadi is a 49-year-old man who lives in Aley, Mount Lebanon, with his wife. Fadi has been working as a blacksmith for 29 years. He requested a loan of $3,000 from Kiva's partner Al Majmoua in order to purchase tools and iron for his work. This is his second cycle and he has always paid on time.

His previous loans helped him improve his work. Fadi is special in his work because of his experience. When he first started his business, he didn’t face any difficulties. Fadi decided on doing his business because he wanted to have independent work. In the future, he plans on expanding his work.

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
  • 91
    View loans »
    Lebanon Loans Fundraising
  • $16,099,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Fadi fadi will use the loan to purchase tools and iron for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 27, 2009
Jul 1, 2009
Currency Exchange Loss:
May 15, 2010