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Fouad
Fouad is a 30-year-old married man and the father of three children. He has been working as a mechanic since 1994. He is a hard-working man with a good reputation who seeks perfection in his business and in his customer service.
Fouad works hard on updating his business. He is requesting a loan from A. Majmoua to buy new tools and to make the finA. payment for his car.
He has been an A. Majmoua borrower for two cycles. He is a borrower of good standing and has proved to be a hard-working man. This was shown through his business improvements and through the updating of his tools.
Fouad is liked by most of his neighbors who represent almost 90% of his customers. They highly recommend dealing with him.
He is working hard on providing his children with the best education ever, in addition to a healthy and happy childhood.
Fouad is planning on expanding his business by opening a bigger garage in the future and adding new services.

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
  • 106
    View loans »
    Lebanon Loans Fundraising
  • $15,334,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Fouad to buy new tools for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Aug 15, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2012