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Souad
Souad is a 40 year old woman who lives in Bourj El Barajneh, in the southern suburbs of Lebanon with her husband and their three children. Souad has been working as a seamstress for four years. Her clients are her friends and neighbors.

This is Souad’s third loan cycle and she has always paid on time. Her previous loans helped her to improve her work. When she first started her business, she didn’t face difficulties. Souad decided on starting her business because she wanted to supplement her family’s income. In the future, she plans on expanding her work.

Souad has requested a loan of 500 U.S. dollars from Al Majmoua in order to purchase an electrical sewing tool.

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

  • $5,900
    Average annual income
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,030,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Souad to purchase an electrical sewing tool.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010