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Fadia
Fadia A. S. is a married woman living in Sharoun with her family and her 4 children. Fadia used to sell cosmetic products from door to door. When this activity ended, she started knitting and doing crochet, skills she learned from her mother at age 15.
She either sells her work at home or she passes her creations to a woman in charge of selling them.
Fadia needs to buy the necessary materials and accessories to sustain and gradually develop her small business.



Fadia is part of a group with 5 other women from the same village. Her group's name is 'A. Eman' which means faith.
The requested loan is for this group of self-chosen women, living in vulnerable conditions, mostly in rurA. areas.
Group lending is based on incrementA. increase of loan amount and group solidarity to guarantee repayment.
The strength of the group loan is that it encourages a collaborative approach in the borrowing community. The group loan is a very powerful tool towards the economic empowerment of women.

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
  • 35
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $300 helped Fadia to buy materials for her knitting and crochet work.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 26, 2007
Listed
Sep 12, 2007
Currency Exchange Loss:
N/A
Ended:
Mar 26, 2008