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Walid is a 34-year-old single man from Lebanon. He has been working in the construction business, and dealing primarily with stone, for 15 years. He likes his work a lot and his clients like dealing with him a lot, too.

Walid is requesting a Loan from Al Majmoua for two reasons: first, to buy products necessary for his water pump; and second, to open a small restaurant, which will be a new, extra business. He believes that his work in construction is seasonal and must be supported by another efficient means of income, and a restaurant is the perfect choice. Walid hopes to improve his business and to succeed in his new venture.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $19,267,825
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Walid to buy products necessary for his water pump, and to open a restaurant.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 16, 2010
Aug 26, 2010
Currency Exchange Loss:
Sep 15, 2011