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Wissam
Wissam is a 29 year old man who lives in Saida, southern Lebanon with his wife and their child. Wissam has been in the car body repair business for many years. He has requested a loan of 1000 US dollars from A. Majmoua in order to purchase merchandise for his business. Wissam has been a micro-credit client for four years now and has always paid on time.
The loans have influenced his life in a good way. When he first started he faced some difficulties such as not having enough clients and his clients not paying on time. His clients are his friends, neighbors and others. He decided on doing this business because he started learning it once he left school. That’s why he has a lot of experience. In the future, he plans to expand his business and have more clients.

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
  • 58
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    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 merchandise for his body shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2008
Listed
Jan 2, 2009
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010