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Walid is a 50-year-old man who lives in the Bekaa with his wife and their three children.

Walid has been working as a blacksmith since 1996. He is special in his work because he is known for the good quality of his work. He decided on doing his business because he wanted to have independent work, as well as having previous experience. However, when he first started his business he didn’t have enough cash to purchase all the required tools for his work. His clients are his friends and neighbors.

Walid has requested a loan from Al Majmoua in order to purchase tools for his work and a car. This is the first time that Walid has requested a loan. In the future, he plans to keep on improving.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $19,502,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Walid to purchase all the required tools for his work and also a car.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 20, 2009
Dec 12, 2009
Currency Exchange Loss:
Dec 16, 2011