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Raniah
Raniah is a 34-year-old woman, divorced and a mother of two, owner of a day care center. She lives in Beirut and opened her business in 2004. She is recognized as an expert and appreciated for her sense of security, healthy working conditions, her attention to decoration, and her special customer care. All of her clients are working women.

This is her second loan. She is requesting the loan from Al Majmoua to pay for necessary decoration in the center and to buy a van for the children's transportation. She reports that her previous loan helped her improve her living conditions.

In the future, she wishes to open a new branch.

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
  • 85
    View loans »
    Lebanon Loans Fundraising
  • $15,250,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Raniah to do necessary decoration and buy a van for the children's transportation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012