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Laura
Laura is a 42 year-old woman who lives in Saida, southern Lebanon with her husband and their four children. Laura has a grocery store selling candies, canned food, beverages, chips, biscuits etc. She requested a loan from Al Majmoua in order to expand and diversify her merchandise according to her customers' needs. This is her third loan cycle and she has always paid on time. Laura decided to start her business because she wanted to supplement her husband’s income, and also because she likes trading. Her clients are her friends and neighbors. She plans to keep on improving and expanding 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

  • $15,800
    Average annual income
  • 141
    View loans »
    Lebanon Loans Fundraising
  • $16,300,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Laura to purchase merchandise for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2010
Listed
Apr 8, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011