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Fadi
Fadi is a 41-year-old married man and the father of four children. He has been working in the bread business since ten years ago. In 2010, he opened his own bakery to improve his living and increase his income.

Fadi applied for a loan from Kiva's partner Al Majmoua in order to increase his business raw materials such as flour and oil, and also necessary needs to save for the coming cold winter season. He will also invest part of the loan to pay for his children’s tuition fees.

Fadi believes that education is very important for his children's future. That's why he will put so much effort into making sure that they will get the education he hopes to provide them.

Fadi hopes to keep on improving and expanding his business as much as he can to keep on improving his family's living.

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

  • $15,800
    Average annual income
  • 67
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    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 increase his business raw materials such as flour and oil and also necessary needs to save for the coming cold winter season.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2012
Listed
Oct 20, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014