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Mayteh
Mayteh, 50, is making sure that her family has enough provisions for their daily needs. She is married and has four children. She makes sure that she helps her husband earn so that their family can have a better life. She has been managing her own olive oil production. Today, Mayteh has requested her second loan in order to purchase raw materials for her business and change the décor of her home with the income. She reimbursed her previous loan on time. Her previous loan allowed her to produce more olive oil and increase her family’s income. Her family depends on her income because it is additional revenue for them.

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
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • 1,502.5
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mayteh to purchase raw materials for olive oil production.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 27, 2010
Listed
Apr 23, 2010
Currency Exchange Loss:
Covered
Ended:
May 16, 2012