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Fadi
Fadi is a 37-year-old married father with two children who has been working as a fisherman since 1990. He is a hard worker who puts much effort into developing his business so that he can provide his family with all the things it needs. Fadi is requesting a loan from Kiva partner Al Majmoua to buy fishing supplies such as nets, and many other tools to help him develop his business and increase his income. He hopes that in the future he'll be able to buy another boat and grow his business greatly.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $1,500 helped Fadi to buy fishing supplies such as nets and other tools to help develop his business and increase his income.
93% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
N/A