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Fawzi
Fawzi is a 42-year-old married man who lives in Chtoura with his wife and five children. He is a mechanic. Since 2001, he has owned a garage where he fixes cars. Fawzi is a hard worker and loved by most of his clients, who are his friends and neighbors. He has 27 years of experience and his good reputation is his strength among his competitors.

Fawzi is requesting his first loan from Al Majmoua to buy new equipment necessary to improve his business and also to pay for his daughter's engagement expenses. In the future, Fawzi plans to open a grocery store to help cover his family’s expenses.

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
  • 49
    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 $700 helped Fawzi to buy business equipment and pay for his daughter's engagement expenses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2011
Listed
May 2, 2011
Currency Exchange Loss:
N/A
Ended:
May 15, 2012