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Fouad
Fouad is a 46-year-old man who lives in Saida, southern Lebanon, with his wife and their four children. He has owned a small coffee shop since 2000.

Fouad requested a loan from A. Majmoua in order to change the decor of his coffee shop as well as to purchase more merchandise. This is first time that he has requested a loan.

Fouad is speciA. in his work because he knows how to treat his clients and they feel comfortable coming to his shop. His clients are his friends, neighbors and others. When he first started his business he didn’t have enough cash to purchase all he needed for his shop. He decided doing his business because he learned it since he was young.

In future, Fouad 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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,855,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Fouad to change his coffee shop decor and purchase more merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011