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Farouk
Farouk is a 36-year-old man who lives in the Bekaa with his wife and their two children. Farouk has been working in the sanitary business since 2008. Farouk requested a loan from A. Majmoua in order to purchase tools for his work. This is the first time that Farouk has requested a loan.



Farouk is speciA. in his work because he does it well. His clients are his friends and neighbors. When he first started his business, he had difficulty purchasing all the required tools. He decided on doing his business because he learned it since he was young. In the future, he plans to keep on improving 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

  • $5,900
    Average annual income
  • 101
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Farouk to purchase tools for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2010
Listed
Feb 1, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011