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Hayfaa
Hayfaa is a 55-year-old woman who lives in Saida, southern Lebanon with her husband and their two children. Hayfaa has owned a grocery store since 1980. She also sells candies, canned food, home cleaning products etc…She requested a loan from A. Majmoua in order to purchase merchandise for her store. Hayfaa has been a micro credit client for 10 years now and has always paid on time. Her previous loans helped her improve her work by diversifying her merchandise and offering more products.
Hayfaa is speciA. in her work because she opens early in the morning and closes late in the evening. Her clients are her friends, neighbors and passers-by. When she first started her business, she didn’t face difficulty since she always had her family’s support. Hayfaa decided on doing her business because she wanted to supplement her husband’s income and she always wanted to work for herself. In the future, she plans to keep on improving her store.

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
  • 76
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Hayfaa to purchase merchandise for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2009
Listed
Jan 19, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011