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Waseem (23 y.o.) has been working for the past two years in a spice/candy/coffee shop serving his friends and neighbors. He is very honest, straightforward, and respectful. He is driven to develop himself and eventually own his own store. Waseem’s last loan from al Majmoua had a very positive effect. Now, he would like to ask for another loan to purchase more spices, candies, and cereals.
View original language description ↓
وسيم في عمر 23 سنة يعمل في محل لبيع البزورات والحلويات والبن له في عمله سنتين يتميز بالصدق والشفافية
والاحترام يحب عمله ويريد ان يزيد من مدخوله المادي وتحسين وضعه الاجتماعي فهو طموح يريد ان يتطور وان يستقل
في عمله بحيث يمتلك محل خاص له تاريخه الاقتراضي جيد وكان له اثر جيد على تحسين وضعه يريد من خلال طلب قرض
من المجموعة الى زيادة بضائع المحل الحبوب والبزورات والحلويات له زبائن من محيطه وجيرانه واصدقائه

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
  • 87
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Waseem to purchase spices, candies, and cereals for shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 20, 2010
Jan 3, 2011
Currency Exchange Loss:
Jan 18, 2012