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Wael
Wael is a 20 year old man who lives in Beirut, capital of Lebanon. Wael has owned a generator for three years. He offers electricity to the houses in his surroundings when the electricity shot off. He requested a loan from Al Majmoua in order to purchase a bigger and more powerful generator for his work. This is her third cycle and he has always on time.
His previous loans helped him improve his work. Wael is special in his work because he works 24/7. His clients are his friends and neighbors. When Wael first started his business, he didn’t face difficulties. He decided on doing his business because he wanted to have an independent work. In the future, he plans on expanding his work.

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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Wael to purchase a generator for his work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2009
Listed
Sep 22, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010