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Fadi
Fadi is a 35-year-old married man, and father of four children. He has been a bus driver for four years. In 2009 he bought his own bus. Fadi works hard to provide a better life for his family. In order to achieve their needs, he applied for a loan from Kiva's partner Al Majmoua, in order to carry out the necessary maintenance on his bus, which is his only source of income, and to repair his house since he has to replace floor tiles.
This is Fadi's fifth cycle with Al Majmoua, with a good standing repayment history. His previous loans helped a lot in covering almost all of his family's needs. Fadi has a very good reputation, and his customers are loyal to him. He hopes to open a transportation company in the future, to start tourist visits all over Lebanon and abroad.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,078,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Fadi to carry out necessary maintenance on his bus and house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 18, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013