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Wobkine
Wobkine is a 44 year old man who lives in Beirut, the capital of Lebanon, with his wife and their two children. Wobkine has been working as a jewelry designer for three years. He produces bracelets, necklaces, earrings and other jewelry depending on the fashion and the demand. He requested a loan from Al Majmoua in order to purchase a new machine to expand his production. This is his second loan and he has always repaid on time.


His previous loan helped him improve his work. Wobkine's work is special because he produces nice and trendy jewelry. His clients are his friends, neighbors and traders. When Wobkine first started his business he had family issues. He decided on doing his business because he wanted to have an independent job. In the future, he plans on expanding his work by selling throughout the Arab countries.

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
  • 51
    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 $3,000 helped Wobkine to purchase a new machine to expand his production.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 24, 2009
Listed
Sep 22, 2009
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2010