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Walid
Walid is a 22-year-old, single man, who opened a convenience store nearly two years ago. He has suffered from lack of capital, so he hasn’t been able to cater to the large needs of customers in the area. In spite of this, Walid has a considerable client base, due to his integrity and honesty in trade.

In order to obtain cash and increase his stock of foodstuffs and detergents, Walid is applying for a Youth Loan from Kiva’s partner, Al Majmoua. With the capital, he will be able to support his customers’ demands, and further expand and succeed in his business.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 136
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Walid increase his stock of foodstuffs and detergents.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014