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Walid
Walid is a 33-year-old single man who has been working in the hooka business for six years. He also has a pool table and almost all of his customers are attracted to his shop because they enjoy both activities he provides.

His business is based on entertaining his customers. That's why he is applying for his present loan from Kiva's partner Al Majmoua, in order to increase his Hookas to expand his business and to reply better to the increased number of customers he is willing to have.

Walid is working hard to keep on expanding his business as much as he can, to open a wider entertaining place in the future.

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
  • 53
    View loans »
    Lebanon Loans Fundraising
  • $14,734,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Walid to purchase more hookas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014