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Nada
Since 2007, Nada, a 44-year-old married mother of four, has been the proud owner of a small grocery store selling sweets, soft drinks, canned products, vegetables, ice cream and tobacco. Because the store is a very important source of family income, Nada is requesting a loan of $1500 from Kiva partner Al Majmoua to increase her purchases of new oil, sugar, rice, canned products and tobacco, as well as a power generator to provide electricity when it's not available to keep the refrigerators and freezers working.

This will be Nada's first Kiva loan, and we note that she is working hard on expanding her business and increasing her capital.

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
  • 108
    View loans »
    Lebanon Loans Fundraising
  • $15,083,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Nada to buy merchandise for her store and a power generator.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Sep 16, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2012