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Walid
Walid is a 26-year-old man who lives with his wife and their two children in Bint Jbeil, southern Lebanon. He has been selling aluminum to clients in his region since 2006. When he first started business, he had to face competition, but because of his experience he stayed with it. Walid’s work is special in that he performs it well.


Walid is requesting a loan from Al Majmoua in order to purchase more aluminum for his business. This is his second loan cycle; as for his first loan, he always paid on time. In the future he plans to continue improving 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

  • $5,900
    Average annual income
  • 101
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • 1,503.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Walid to purchase more aluminum.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 26, 2010
Listed
Jan 21, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011