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Fouad
Fouad is a 46-year-old married man who is the father of three children. Since 2010, he has worked selling pajamas, underwear, accessories, and bags. He used to work wholesale, but two years ago decided to open his own retail shop. His business needs a lot of cash to keep on developing it. Fouad works hard to provide his customers with the best quality and the best prices.

Fouad is requesting a loan from the Kiva partner Al Majmoua to purchase items for a summer collection and increase his business capital. This will be Fouad's second loan cycle with Al Majmoua. He hopes that his loan will help to continue to improve his business so that he can expand and attract more customers. In the future, he hopes to open another branch.

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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,600 helped Fouad to purchase a summer collection.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2012
Listed
Jul 14, 2012
Currency Exchange Loss:
N/A
Expired:
Aug 13, 2012