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Walid
Walid is a 35-year-old married man, the father of two children. He has 12 years of experience in selling coffee and juices, that's why in 2006, he opened his own shop selling espresso and juice. His business is going on just fine; most of his customers are delighted with what he offers them.

Walid is applying for a loan from Kiva partner Al Majmoua, in order to buy a new espresso machine necessary for his business. He will also use part of it to repair his house's rooftop.

Walid started his business from a van where it used to be his coffee shop, them he expanded his business to a specialized coffee selling shop. Today he is applying for a new espresso machine, while he hopes that in the near future he will buy a larger shop, an ice cream machine, and a smoothies machine too.

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
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Walid to buy a new espresso machine and to repair his home's roof.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
May 14, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013