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Souad
Souad is a 49-year-old divorced woman, who spent 22 years of her life working and raising her own child alone, with no-one's help. Souad also takes care of her old mother, so she had to work hard to cover her house's family expenses from her business, that's why she put all her effort in doing so; to provide the best education and living for her child and her mother.

Souad has a clothing sales shop, her prices are affordable to anyone in her region. She offers different qualities with different styles that fit anyone visiting her shop.

Souad has requested a loan from KIVA partner Al Majmoua, in order to increase her business capital with a specially released new collection with special attractive prices.

Souad aims to open another branch in the future, to expand her 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

  • $15,800
    Average annual income
  • 43
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Souad to increase her business capital with a newly released clothes collection.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2011
Listed
Dec 30, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2012