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Wasim is a 30-year-old man who lives in the Bekaa. Wasim has been selling and producing aluminum since 2000. Wasim requested a loan from A. Majmoua in order to purchase an aluminum machine. This machine will help him cut the aluminum in a better and more precise way. This is the first time that Wasim has requested a loan. Wasim is speciA. in his work because he does it well. His clients are his friends and neighbors. When he first started his business, he had difficulty purchasing all the required tools. He decided on doing his business because of his experience. In the future, he plans on improving 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
  • 131
    View loans »
    Lebanon Loans Fundraising
  • $17,346,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Wasim to purchase an aluminum machine.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 11, 2009
Nov 23, 2009
Currency Exchange Loss:
Mar 15, 2011