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Fakher Eddine
Fakher Eddine is a 42-year-old married man, father of three children, who opened his own grocery store 8 years ago. Fakher Eddine also works in transportation. He thought of starting a new stable business to improve his family's living, and the grocery store was the best idea. He is a hardworking man, with a good reputation, who seeks perfection in his business. That's why you can find his store filled with many different items requested by his customers.

Today, Fakher Eddine is requesting a loan from Kiva partner Al Majmoua in order to buy a luncheon meat cutter necessary for his business. This is his first experience with Al Majmoua. He hopes the future relation will sprout more success.

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
  • 68
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • 1,506.3
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Fakher Eddine to buy a luncheon meat cutter necessary for his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2012
Listed
Apr 14, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013