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Wafaa is a 37-year-old single woman from Lebanon and the owner of a mini-market (grocery store) where she has sold groceries, refreshments and cleaning products since 2006. Wafaa used to work in a shoe store but she had to stop, instead, investing her money in her own business.

This is the first time Wafaa has requested a loan from Al Majmoua. She will use the loan to open a new clothing shop of her own to improve her income and her parent’s living standard.

Wafaa is well-known in her area. She believes her business will be visited by many neighbors and relatives in addition to passersby who will find the good quality of product she has. She hopes to own a bigger boutique in the future.

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
  • 176
    View loans »
    Lebanon Loans Fundraising
  • $17,516,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Wafaa to open a new clothing shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 16, 2010
Aug 15, 2010
Currency Exchange Loss:
Oct 15, 2011