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Walid
Walid is a 48-year-old married father of three children. He owns a small bakery with 30 years of experience in this domain. He sells a local baked good known as Manakish, a traditional Lebanese breakfast. His wife is currently unemployed and two of his children are enrolled in a private school, which means that he has to settle the tuition fees from his own revenue. He decided to contact Al Majmoua because he needs to maximize his profit in order to provide a healthy life and environment for his family. In fact, he will be using the loan to purchase raw materials, sugar, etc, which are the basic ingredients of his baked goods. As for the future, Walid hopes to open up a new branch of his bakery.

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
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Walid to purchase raw materials, sugar, etc. for his bakery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 12, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014