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Wissam is a 40-year-old single man who has been working as a musician since thirteen years ago. He plays drums, is very talented in this domain, and puts so much effort into pleasing his listeners with special released music to add pleasure and happiness to their lives. Wissam works hard to keep his instruments updated, and that is why he is acquiring a loan from Kiva's partner, Al Majmoua, to buy newly released, updated musical instruments to add to his stock. Music is his life, and he hopes to spread it worldwide. Through increasing his stock of instruments, he is taking his first step forward toward opening his private studio.

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

  • $15,800
    Average annual income
  • 116
    View loans »
    Lebanon Loans Fundraising
  • $17,414,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Wissam to buy newly released, updated musical instruments to add to his band.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 20, 2013
Jul 23, 2013
Currency Exchange Loss:
Jul 17, 2014