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Aziza

Update on Aziza

Aziza is a 44-year-old married woman, a mother of four children whom she's responsible for. Aziza is a hard working woman with a good reputation.
Her previous Kiva loan helped a lot in improving her income and in providing her family a good and healthy living. She works from her house, and hopes to increase her stock of clothing with autumn/winter collections for sale.

Aziza assures that her previous loan from Kiva partner Al Majmoua helped a lot in improving her social and financial situations and hopes that this one will improve it even more.

Previous Loan Details

Aziza is 44 years old and married with children. She works in a store which sells used European clothing and shoes. She has worked there for five years and likes her work, which she performs well. She is always improving and developing her business, as she is very energetic and diligent. With a l... More from Aziza's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Lebanon

  • $5,900
    Average annual income
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $15,275,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Aziza to expand her store by purchasing new merchandise for the autumn/winter season.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2011
Listed
Nov 2, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012