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Fouad
Fouad, 49, lives in Nabatieh, in southern Lebanon, with his wife and their four children. Fouad works as a car repairer. He repairs and sells tires. Fouad is requesting a loan of $1000 USD from Al Majmoua in order to purchase oil for his work and new tires. This is the first time that Fouad has requested a loan. His clients are his friends and neighbors. Fouad decided to go into this business because he wanted to be independent and to improve his income. In the future, he plans to expand his business.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,166,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fouad to purchase oil and new tires.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 16, 2009
Listed
Feb 12, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2010