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Fadi
Fadi, 36, resides in Tripoli, northern Lebanon with his wife and their four children. Fadi has worked as a car repairer for 28 years and is requesting a loan of $2500 from Al Majmoua to purchase merchandise, a generator, and car oil for his work. Fadi has been a microcredit client for eight years now and has always repaid on time.

His previous loans helped him improve his garage as well as his financial situation. Fadi is special in his work because of the relationship he has established with his clients since taking over his father’s work, and his clients know him well. He decided on this business because of his aptitude for it and his considerable experience in the field, having learned a great deal since beginning this work as a child. In the future, he plans to open a car oil-changing shop and expand his garage.

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

  • $5,900
    Average annual income
  • 34
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Fadi to purchase merchandise and equipment for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2009
Listed
Apr 3, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010