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Fawzi
Fawzi is a 44-year-old married man living in Chtoura with his wife and four kids. Fawzi has been working in agriculture since 1990. He is a hard-working farmer: he and harvests and sells olives, and plants cucumbers in addition to selling his special-tasting olive oil, depending on his clients' opinions. Most of his clients are relatives, neighbors, and friends. This is Fawzi's first time requesting a loan from Al Majmoua. He needs the loan to buy new cucumber seeds for this season. Fawzi hopes to expand his business in order to provide a secure social and financial situation for his family. Fawzi hopes to give the best education to his kids, since he didn't get this opportunity.

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
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Fawzi to buy new seeds to plant his land.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 21, 2011
Listed
Mar 18, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012