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Randa
Randa is a 49 year old woman who lives in Beirut, capital of Lebanon with her husband and their child. Randa has been sewing and selling clothes from her house since 2000. She mainly sells women and lingerie. Randa requested a loan from Al Majmoua to purchase new clothes to sell. This is her second cycle and she has paid her first loan back on time.
Randa is special in her work because she sells good quality of clothes, as well as she keeps current styles. Her clients are her friends and neighbors. When she first started her business, she didn’t have a lot of cash to expand her stock but worked hard to succeed. Randa decided on doing her business because she has a large network. In the future, she plans to keep on working hard and becoming financially successful.

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
  • 88
    View loans »
    Lebanon Loans Fundraising
  • $15,255,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Randa to purchase new clothes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2009
Listed
Oct 12, 2009
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2010