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Carol
Carol has owned a grocery store for four years. Carol is a 36-year old divorced woman who lives in Bourj El Barajneh, in the southern suburbs of Lebanon, with her child. She has requested a loan of $1000 US from Al Majmoua in order to purchase merchandise for her store. This is the first time that Carol has requested a loan.


Carol sells a great variety of products. Her clients are her friends, neighbors and people from her region. She has not faced difficulties since she first started this business. In the future, she plans on improving her business and increasing her income.

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
  • 72
    View loans »
    Lebanon Loans Fundraising
  • $15,017,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Carol to purchase merchandise for a grocery store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 6, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010