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Wassim is a 25-year-old single man, working as a hair dresser for the past eleven years. He was young when he started working but he needed to help support his family. Wassim's childhood wasn't good but he has adapted to his environment. Most of his childhood friends were also forced to work early because of their parents' bad financial situations.

Wassim is a hard worker and liked by most of his customers. They often recommend him because he is talented.

Wassim is working on improving his business, which he established two years ago. He has applied for a loan from Kiva partner, Al Majmoua, in order to expand his salon and start providing the wax services requested by his customers. He needs to purchase the waxing equipment.

Wassim is a hardworking man, with a good reputation and special talents. He hopes to keep improving his business by meeting his customers' needs.

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
  • 187
    View loans »
    Lebanon Loans Fundraising
  • $17,467,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Wassim to expand the salon with a new waxing service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 6, 2012
Mar 8, 2012
Currency Exchange Loss:
Mar 15, 2013