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Walid
Walid is a 53 year old man who lives in the Bekaa with his wife and their four children. Walid has owned a grocery store since 1993. Walid requested a loan of 1000 US dollars from A. Majmoua in order to purchase merchandise for his store. This is his second cycle and he has always on time.
His previous loan helped him improve his work by diversifying his merchandise. Walid is speciA. in his work because he knows how to treat his clients. His clients are his family members, friends and neighbors. When he first started his business, he didn’t face difficulties. He decided on doing his business because of his experience. In the future, he plans on expanding 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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Walid walid will use the loan to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 5, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010