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Walid is a 30-year-old single man, who has been working in the telecommunication business for six years. In 2011, he opened his own shop selling mobile phones, to expand his business, and increase his income. Walid is a hardworking man. He owns a chicken selling shop too, but he likes the communication sector more and he is willing to invest a lot in developing it properly.
Walid is applying for a YOUTH loan from Kiva's partner Al Majmoua, in order to increase his supply of mobile phones and prepaid cards, to meet the needs of the increasing number of customers he is happy to serve.
Walid hopes to be capable of developing both businesses as much as he can and he is looking forward to a brighter future.

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
  • 78
    View loans »
    Lebanon Loans Fundraising
  • $16,094,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Walid to increase his supply of mobile phones and prepaid cards.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 7, 2013
Mar 10, 2013
Currency Exchange Loss:
Mar 17, 2014