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Alice is a 47-year-old woman who lives in Beirut, the capital of Lebanon. Alice has owned a clothing shop since 2004. Alice is notable in her work because she offers competitive prices. Her clients are her friends and neighbors.

She requested a loan from Al Majmoua in order to purchase merchandise for her shop. This is her second loan cycle and she has always paid on time.

When she first started her business, she had no problems. Alice decided on opening her business because she wanted to have independent work and be financially independent. In the future, she plans to expand.

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

  • $15,800
    Average annual income
  • 163
    View loans »
    Lebanon Loans Fundraising
  • $17,516,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Alice to purchase merchandise for her shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 13, 2009
Nov 22, 2009
Currency Exchange Loss:
Dec 15, 2010