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Wasim is a 32-year-old married man, who is the father of three children. Wasim has owned a pharmacy in Baalbeck since 2005. He’s requesting a loan for the first time from Al Majmoua, in order to increase his capital. His clients are all kinds of people of different levels, cultures, and religions, because such a business is for everyone in need. Wasim is well known, and his special customer service distinguishes him among his competitors. Wasim hopes to open another branch in the future.

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
  • 62
    View loans »
    Lebanon Loans Fundraising
  • $19,284,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Wasim to increase his capital.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Nov 25, 2010
Dec 23, 2010
Currency Exchange Loss:
Apr 15, 2012