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Mona
Mona is a 37-year-old woman and the mother of four children. Since 1994 she has produced thyme, olives and olive oil, dry yogurt for Lebanese pizzas, lentils and pickles. Mona requested a loan from Al Majmoua in order to improve her business and to purchase merchandise. This is her second loan having repaid the first on time. She offers good quality and very tasty products. Her clients are people from her region — mainly her friends, neighbors and occasionally tourists. Mona decided on her business because she is a very good cook and has experience. She says that she has a talent for cooking and loves her work. She plans to keep on improving her business as well as her financial situation.

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
  • 56
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • 1,501.0
    Lebanon Pounds (LBP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Mona to purchase merchandise for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2010
Listed
May 20, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 30, 2011