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Fadi
Fadi is a 33-year-old married man who is the father of five children. He has worked as a blacksmith for the past 14 years. Fadi opened his own business in 2009 and he is proud of himself since his business has gradually improved and he has gained the trust and loyalty of his customers. Fadi is a hardworking man who has put a great deal of effort into improving and expanding his business to provide for his family.

Fadi is requesting a loan from the Kiva partner Al Majmoua, to start a new business trading electricity with power generators. This will surely improve his income. Electricity is a major problem in Lebanon and will need a lot of time to be solved. In the future, Fadi hopes to open a gas station which will improve his family's social and financial situation.

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 $1,200 helped Fadi to start a new business trading electricity.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Mar 31, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013