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Wafaa
Wafaa is a 53-year-old married woman who has earned a living since 1970 by selling household appliances. She works hard and is committed to helping her husband earn an adequate income. She is also very talented, and puts a lot of effort into meeting her customers' needs by securing adequate capital and releasing new products.

Wafaa has taken out and repaid 13 loans from Al Majmoua, and made good use of each of these loans to expand and improve her business. She is applying for a new loan, also from Kiva's partner Al Majmoua, to buy new heaters to sell this winter. These heaters are very important to have, in part because her village is hosting displaced Syrians who are searching for a shelter during a hard political time and a poor security situation

Wafaa hopes to keep expanding her business and meet more of her customers' needs and requests.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $3,000 helped Wafaa to buy heaters to sell during the upcoming winter season.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
N/A
Expired:
Dec 7, 2012