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Fadi
Fadi is a 30-year-old man who lives in the Bekaa region with his wife and their child. Fadi has been working as an electrician for 16 years. He has requested a loan of $2,300 from Al Majmoua in order to purchase tools for his work. This is the first time that Fadi has requested a loan.


Fadi believes he is special in his business because of his many years of experience. His clients are his friends and neighbors. He started the business because he wanted to improve his financial situation. In the future, he plans on expanding 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
  • 77
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Fadi to purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010