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Layla
Layla is a 49-year-old woman who lives in Beirut, capital of Lebanon. Layla has owned a clothing shop for twelve years. She also sells perfumes and accessories. She requests a loan of 1000 US dollars from Al Majmoua in order to purchase beauty products and clothes for the summer season. Layla has been a microcredit client for eight years and has always paid on time.

Layla is special in her work because of her competitive prices. Her clients are her friends and neighbors. When Layla first started this business, she didn’t face difficulties. She decided on doing her business because she likes trading. In the future, she plans on expanding her work by opening another 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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Layla to purchase beauty products and clothes for the summer season.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2009
Listed
Aug 1, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010