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Fahed
Fahed is a 24-year-old married man. He has worked as a butcher for the past eleven years and in February 2012 he opened his own butcher shop to increase his income and improve his standard of living. Fahed is well known in his business with the good quality of meat he serves at affordable prices.

Fahed got married almost a year ago and he is expecting to be a father this month. That's why he applied for a YOUTH LOAN from Kiva partner Al Majmoua, to pay for his wife's delivery and special baby's preparations requested, in addition to increasing his business capital through increasing the quantity of meat to be sold on a daily basis to increase his family's income.

Fahed is very anxious to meet his baby, and he hopes to provide him the best childhood ever unlike his which forced him to work for his own living since he was only 13 years. This is his third cycle as Al Majmoua is a borrower in good standing. He will work hard on expanding his business as much as he can for a brighter future.

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
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Fahed to pay for his wife's delivery and special baby's preparations requested.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013