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Fawzi
Fawzi, 67 years old, lives in Tripoli, northern Lebanon with his wife. Fawzi has owned a home product shop for seven years. Fawzi has not faced many difficulties since he started his business because he knows how to adapt himself depending on the season and on people’s needs. His clients are his friends, neighbors and people from his region. Fawzi began his business because he wanted to improve his financiA. situation. In the future, he plans on improving his business and diversifying his merchandise.

He is requesting a loan of 1000 US dollars from A. Majmoua in order to purchase more merchandise for his shop. He wants to get souvenirs and home gifts since Mother’s day is coming soon. This is the first time that Fawzi has requested a loan.

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
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $16,205,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fawzi to purchase merchandise for shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2009
Listed
Mar 22, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010