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Wissam
Wissam is a 34-year-old man who lives in Tyre, in southern Lebanon, with his wife and their three children. Wissam owns a pickup truck that he has used for three years to transport construction materials or even furniture. He decided to start this business because he realized that he could improve his financial situation since this business allows him to increase his income.


He requested a loan from the Kiva field partner, Al Majmoua, in order to do some maintenance work on his truck. This is his third loan cycle and he has always paid on time. His clients are people from his region and from the surrounding villages. In the future, he plans to keep expanding his 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Wissam to do some maintenance work on his truck.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2010
Listed
Jan 4, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011