This Kiva borrower from Lebanon is a single 33-year-old woman. She has three other family members in her house, two of whom are also working. She has owned a beauty salon since 2000. She also sells lingerie from this location.
She is requesting a loan of $1000 from the Kiva partner, Ameen s.a.l. This will be her third loan from Ameen. Because she had to rely on her sister for a ride, she faced some challenges to complete her previous loan payments on time. She is planning to use this loan to increase her inventory.
Women entrepreneurs are still in the minority in Lebanon, but they are gaining a greater presence in the country’s labor market. Ameen s.a.l. offers additional incentives to loan officers for offering micro-loans to prospective clients as well for recruiting female clients.
Note: Based on the political and social challenges of Lebanon, personally identifiable attributes of this entrepreneur have been altered to protect him or her (i.e. blacking out portions of the entrepreneur in his/her picture, not indicating his/her name and location, etc.). Ameen s.a.l. appreciates Kiva lenders' understanding of these challenges and encourages lenders to continue their support for Lebanon's borrowers.
Ameen has been able to use its interest-free loan from Kiva to offer lower interest loans with faster disbursement for their micro-loan borrowers. Since its inception, Ameen has provided high quality financial services to over 41,000 borrowers and disbursed over 81,000 loans totaling US $115 million. To learn more about Ameen, please visit: http://partners.kiva.org/partners/115
Due to political and social challenges in Lebanon, personally identifiable attributes entrepreneurs may have been altered to protect their privacy (i.e., blurring portions of the borrower's picture, not indicating a name and location, etc.). Vitas appreciates Kiva lenders' understanding of these challenges and encourages them to continue their support for Lebanon's borrowers.