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Laila
Laila is a 43 year old woman who lives in the Bekaa with her husband and their three children. Laila has owned a clothing shop for five years. She also sells makeup. Laila requested a loan of 2000 US dollars from Al Majmoua in order to purchase merchandise for her work for the summer season. This is her second cycle and she has always on time.
Her previous loan helped her diversify her merchandise. Laila is special in her work because she knows how to treat her clients. Her clients are her friends and neighbors. When she first started her business, she didn’t face difficulties. She decided on doing her work because she wanted to depend on herself and supplement her family’s income. In the future, she plans on expanding his business.

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
  • 73
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Laila laila will use the loan to purchase merchandise for her work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 4, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010