Update on FawziyeFawziye is a 59-year-old married woman, the mother of five children. She has been working as a tailor from home for 31 years.
Fawziye is good at her work and well known in her area. She lives in a populous neighborhood. She is requesting a loan from Kiva partner Al Majmoua in order to support her new business with a special range of clothing. She is selling used clothes and needs a small capital to improve that business.
Fawziye will also help her son and buy him a bedroom for his new house.
The new machine that she bought with the previous loan helped a lot in improving her business. Fawziye is still hoping to open a shop in the future and expand her business more.
Previous Loan DetailsFawziye is a 58-year-old married woman; the mother of five children. She has been working as a tailor from home for 30 years. Fawziye is good at her work and well known in her area. She lives in a popular neighborhood. Fawziye is requesting a loan from Al Majmoua in order to buy a modern sewing m... More from Fawziye's previous loan »
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
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Success!! The loan was 100% repaid