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Walid
Walid is a 38-year-old single man who has been working in selling books for the past nineteen years. He is the sole breadwinner for four members of his family and that's why he has to keep his business up to date and be ready to respond to any customers' needs.

Walid is acquiring a loan from Kiva partner Al Majmoua, to increase his book inventory with newly released editions requested by his customers. Walid is well known in his region with good quality products served and special prices. Walid will keep on working hard to expand his business and open a larger bookstore and stationery department in a better region.

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.

Tags

About Lebanon

  • $15,800
    Average annual income
  • 103
    View loans »
    Lebanon Loans Fundraising
  • $16,205,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Walid to increase his book inventory with newly released editions requested by his customers.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2015