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Wael
Wael is a 33-year-old married man from Lebanon. He has a fruit and vegetable shop. He sells all types of fruits and vegetables depending on the season. Wael has been in this business for two years and has been able to attract many customers in his neighborhood since he sells good quality products.


Wael is requesting a loan for the first time from Kiva partner Al Majmoua so that he can buy fruits and vegetables. This will help him become more competitive in the market.


In the future he plans to continue improving his work by purchasing and offering the best products and also purchasing more exotic fruits and vegetables depending on the season.

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
  • 54
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Wael to buy fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2010
Listed
May 24, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011