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Fares
Fares is a 26-year-old single man, living and working in Jib Jennine. He transports fruits and vegetables from Bekaa to Beirut and Tripoli and vice versa.
Fares has been working for eight years in this field, but in September 2009 he started his own business to improve his living. That's why he applied for a YOUTH LOAN from Kiva partner, Al Majmoua, in order to take care of necessary maintenance for his truck. He will invest part of it on his wedding preparations.
Fares is a hard worker, with a good reputation, liked by all of his relatives, friends and neighbors.
He hopes to expand his business through increasing his pick ups and working on expanding his working zone.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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

  • $15,800
    Average annual income
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Fares to do necessary maintenance on his truck.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2012
Listed
Aug 10, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013