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Caroline
Caroline is a 28-year-old married woman and the mother of three children. She started in 2010 working from her house. She started selling perfumes and cosmetics. Caroline is a hardworking woman, and she insists on helping her husband earn their living.

To do so, Caroline worked hard to expand her selling and to increase her customers to the extent that she is now requesting a loan from Kiva partner Al Majmoua in order to open a shop to start her wider business in it. Most of her customers are relatives, friends and neighbors. The shop will help in attracting new customers and increasing her income.

She hopes to expand her business more and more in the future through starting wholesale trade.

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
  • 73
    View loans »
    Lebanon Loans Fundraising
  • $15,017,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Caroline to open a perfume and cosmetics shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 27, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012