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Mona
Mona is a 30 year old woman who lives in Bourj El Barajneh, Lebanon with her husband and their two children. Mona has owned a grocery store since 1992. She requested a loan of $2000 from Al Majmoua to purchase merchandise for her store and to pay for her children's school tuition.


This is her second cycle and she has always paid on time. Her previous loan helped her improve her store by diversifying her merchandise. Mona knows how to treat her clients; friends and neighbors. When she first started her business, she didn’t face difficulty. Mona decided to do this business because of her financial need. In the future, she plans to improving 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
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mona purchase merchandise for her store and pay for her children's school tuition.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
N/A
Ended:
May 15, 2010