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Wael
Wael is a 38-year-old married man and father of two children. He has been working since 2008 in the business of selling charcoal and sweets. His work is mobile. He uses his van to sell his products by passing through several villages in his area. He used to work in agriculture, but he preferred to move to a better income business in order to cover almost all of his family' needs.

Wael is a hard worker. He is well known in the region as the non-stop working man. He is applying for a loan from Kiva's partner Al Majmoua for the third time in order to pay for his children's tuition fees and school supplement. His previous loans improved his monthly income a lot, which reflected positively on his social and financial situations in a very impressive way. Wael hopes to keep expanding his business capital to increase his customers and monthly income.

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
  • 43
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Wael to pay for his children's tuition fees and school supplement.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Oct 6, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013