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Faten
Faten is a 35 year old woman who lives in Borj El Barajneh, in the southern suburbs of Lebanon with her husband and their two children. Faten has owned a gift and home products shop for two years. Her clients are friends and neighbors.


This is Faten’s second loan cycle and she has always paid on time. Her previous loan helped her improve her business. When she first started her business, she didn’t face difficulties. Faten decided on starting her business because she wanted to improve her financial situation. In the future, she plans on improving her work.


Faten requested a loan of 2,000 U.S. dollars from Al majmoua in order to purchase merchandise for her shop.

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
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Faten to purchase merchandise for her shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2009
Listed
May 1, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010