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Wissam is a 21-year-old man who lives in Beirut, the capital of Lebanon. Wissam owns a grocery store. He sells candies, raw materials, canned food, cheese, soft drinks and juices, bread, cleaning home products etc. His clients are his friends and neighbors. He requested a loan from Al Majmoua in order to purchase merchandise for his store. He has always repaid on time. His previous loans helped him improve his work by diversifying his merchandise. Wissam is special in his work because he owns a big variety of products. When Wissam first started his business, he passed through some financial issues. He decided on doing his business because he took over his father's store. His father has owned the store since 1972. 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

  • $15,800
    Average annual income
  • 119
    View loans »
    Lebanon Loans Fundraising
  • $17,414,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Wissam to purchase merchandise for his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 28, 2009
Oct 21, 2009
Currency Exchange Loss:
Mar 15, 2011