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Wahida
Wahida is a 46-year-old woman who lives in Beirut, the capital of Lebanon, with her husband and their three children. Wahida has been selling clothes from her house since 1999. Wahida is special in her work because she sells good quality clothes and has competitive prices. Her clients are her friends and neighbors. She requested a loan from Al Majmoua in order to purchase merchandise for her work. This is her second cycle, and she has always paid on time. When she first started her business, she didn’t have enough cash to diversify her merchandise. Wahida decided on doing her business because she wanted to be financially independent. In the future, she plans on expanding her work by purchasing a shop.

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
  • 98
    View loans »
    Lebanon Loans Fundraising
  • $15,281,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Wahida to purchase merchandise for her work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 16, 2010