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Farid
Farid is a 42-year-old married man and father of four lovely children. He has been working in electronics repair for 23 years. He is an expert in his field, and most of his customers admire his good personality and his talent.

Farid is a talented man with a good reputation. His work is commended by most of his clients, so he is requesting a loan from Kiva partner Al Majmoua in order to buy new, up-to-date tools for his business. He also hopes to improve his family's standard of living and to expand his house to fit his family in a very good way.

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
  • 64
    View loans »
    Lebanon Loans Fundraising
  • $15,645,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Farid to buy new tools for his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 20, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012