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Wassila
Wassila has owned a clothing store since 1998. She is a 59-year-old widowed woman who lives in Beirut, the capital of Lebanon, with her two children. Wassila has competitive prices and is generous with her clients – she always discounts to please them. Her clients are mainly her friends, neighbors and passersby. When she first started her business, she had to face competition from bigger stores; whereas now, she has her own clientele and is always providing the best for her clients. She decided on this business because she wanted to improve her financial situation especially after her husband passed away.


Wassila requested a loan from Al Majmoua in order to purchase merchandise for her store. Wassila has been a microcredit client for 13 years now and has always repaid on time. Her previous loans helped improve her store by diversifying her merchandise and answering more of her clients’ needs. Wassila is very trustworthy and is doing what she does to improve her financial situation and provide the best for her children. In the future, she plans to keep on improving her business.

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
  • $16,255,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Wassila to purchase merchandise for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Dec 12, 2009
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2010