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Fahmi is a 24-year-old, single man running a mini-market business. Over the years, he has grown his trade gradually from a convenience store to what it is now. Currently, he sells groceries, detergents, toiletries, soft drinks and tobacco products. He enjoys the loyalty of his customers who are satisfied with the quality of his products and reasonable pricing.

Fahmi is applying for a Youth Loan from Kiva’s partner, Al Majmoua, to stock merchandise before Ramadan, the Islamic month of fasting. During that period, demand for foodstuffs rises substantially due to the habit of giving large feasts and community gatherings. For this, Fahmi has to be prepared to serve the needs of his crowded neighborhood and keep up to the competition from other traders.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 43
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Fahmi to purchase stocks of merchandise before Ramadan, the Islamic month of fasting.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jun 19, 2012
Jul 9, 2012
Currency Exchange Loss:
Nov 17, 2013