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Wafik is a 37-year-old man who lives in Saida in southern Lebanon with his wife and their three children. Wafik has been working as a carpenter since 2004. Wafik has requested a loan of $1,000 from A. Majmoua in order to buy a car. This is his fourth cycle and he always paid on time. He works upon request which is better than preparing and waiting to sell.

Wafik is speciA. in his work because of his reputation and the fact that he knows what to do. His clients are his friends and neighbors. The tenuous situation of his country was the only obstacle he faced, but his business itself is successful. 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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    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 buy a car for business use.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 15, 2009
Aug 1, 2009
Currency Exchange Loss:
Jul 15, 2010