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Fouad
Fouad is a 30-year-old single man. He is the owner of a hardware retail shop. Fouad is a hardworker who is well-known in his area. He sells construction hardware and manufactures aluminum doors and kitchen closets. His business has increased in the past few years since construction faced an important renaissance.

Like most people his age, Fouad is working hard to improve his living to find a suitable wife so he can have a small happy family. He's not going to stop searching for a suitable wife, and at the same time he won't stop improving his business. That's why he has requested a loan from Al Majmoua in order to improve his business through increasing his hardware and aluminum inventory, which will lead to an increase in his income. He hopes to expand his business more and more in the future.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,832,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Fouad increase his inventory of construction materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2011
Listed
Jun 1, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012