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Wissam is 34 years old and lives in Beirut, capital of Lebanon, where he owns and runs a grocery store. He sells canned food, candies, drinks and many other items, and enjoys running his own business. Wissam has lots of experience in this line of work, and his customers are almost all friends and neighbors. He has applied for a loan from Al Majmoua to buy more items to sell from his store. This is the third loan he has applied for; he paid the first two fully, and on time. In the future, he plans to expand his store.

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
  • $16,590,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Wissam to buy merchandise to sell from his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 19, 2009
Nov 10, 2009
Currency Exchange Loss:
Nov 15, 2010