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Majida
Majida is a 58-year-old widowed woman who lives in Saida, Southern Lebanon with her child. Majida has been the owner of a mini market near her house since 1997. Her clients are neighbors, relatives and passersby. Majida requested a loan from A. Majmoua in order to purchase merchandise which will help increase her capitA.. It will also help with her son’s marriage arrangements.


This is Majida’s ninth year with microcredits and she has an excellent payback history. She plans to improve and expand her work in the future by opening a supermarket with a wide variety of choices to attract more clients.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,090,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Majida to purchase merchandise.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2009
Listed
Dec 12, 2009
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2011