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Fadi
Fadi is a 45-year-old, married man, and the father of five children. He previously worked as a truck driver. Then, one year ago, he got a job at a car garage located in a very strategic area, crowded with clients. Fadi’s work comprises two services: wheel repairs and lubrication.

Fadi is applying for a loan from Kiva’s partner, Al Majmoua. He will use the money to buy a new stock of wheels. This is Fadi’s first loan from Al Majmoua, and he is optimistic about this experience. In the future, he intends to open his own business, and he believes that by then, he will have sufficient market knowledge and expertise for this purpose. This will help Fadi provide a better living standard for his wife and children.

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
  • 37
    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 $1,200 helped Fadi to buy a new stock of wheels.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014