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Wafaa
Wafaa is a 35-year-old married woman and mother of two children. Wafaa has owned a beauty salon since 2010 and has 16 years of experience in this field. Wafaa is a hardworking woman. She puts a great effort into helping her husband to make their living.

She has been an Al Majmoua borrower for two cycles. Her previous loan helped a lot in buying necessary tools and machines for her business. Today, Wafaa is applying for an Al Majmoua-Kiva partner loan in order to take care of necessary maintenance to the salon's door & to increase her stock of beauty cosmetics that she uses and sells to customers. Wafaa hopes to start an additional business that has to deal with sleeping clothes and underwear, in the future.

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
  • 107
    View loans »
    Lebanon Loans Fundraising
  • $16,217,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Wafaa to do the necessary maintenance of the salon's door & to increase stock of beauty products.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 31, 2012
Currency Exchange Loss:
N/A
Ended:
May 17, 2013