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Wafic is a 65-year-old man who lives in the Bekaa, with his wife and their seven children. Wafic has been working as a mason for thirty-five years. He requested a loan of 1000 US dollars from Al Majmoua in order to purchase new tools for his work and to do some maintenance work on his car. This is his second loan and he has paid on time before this.

His previous loan helped him improve his work condition. His clients are people from his area. Wafic decided on doing his business because he learned it, which means he has experience in his business. In the future, he plans on expanding 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

  • $15,800
    Average annual income
  • 147
    View loans »
    Lebanon Loans Fundraising
  • $17,449,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Wafic to purchase new tools for his work and to do some maintenance work on his car.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 5, 2009
Feb 6, 2009
Currency Exchange Loss:
Mar 15, 2010