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Walid is a 39-year-old man who lives in Tripoli, northern Lebanon with his wife and their three children. Walid has been working as a car painter since 1994. He also sells spare parts for cars. He requested a loan from Al Majmoua in order to purchase spare parts for cars. This is his third cycle and he has always paid on time.
His previous loan helped him improve his work. Walid is special in his work because he knows how to treat his clients. His clients are his friends and neighbors. When he first started his business, he didn’t face difficulties. Walid decided on doing his business because he likes his work. In the future, he plans on expanding by selling more spare parts.

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
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $19,546,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,800 helped Walid to purchase car spare parts.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 19, 2009
Nov 13, 2009
Currency Exchange Loss:
Dec 14, 2009