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Wissam
Wissam is a 21-year-old man who lives in Saida, southern Lebanon with his wife. Wissam owns a clothing shop, where he sells women's and men's clothes, as well as some accessories. He has been in this business for two years now. Wissam requested a loan of 1000 US dollars from Al Majmoua in order to purchase the new clothing collection. The loan will help him buy clothes for the “Eid”.

Wissam didn’t experience deficulties in opening his store because he used to work with people who taught him the business, and also he had his family support which pushed him and encouraged him to open his clothing shop. His future plan is to expand his business.

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
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,309,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Wissam wissam needs the loan to purchase clothes for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2008
Listed
Nov 24, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010