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Maguy
Maguy is a 33-year-old married woman and mother of two children. Six years ago, she opened a hairdressing salon to contribute to her household’s expenses. Besides the styling, makeup and facial care services she offers, Maguy also sells accessories and perfumes. Throughout the years, she succeeded in building a sound reputation among hairdressers in her town.

Maguy is applying for a loan from Kiva’s partner, Al Majmoua, to buy new tools such as hairdryers, brushes and hair colorants. As demand for her services increase, Maguy needs to maintain the good quality she has been offering. With the money left from the loan, she will do some aluminum and plumbing repairs in her house.

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
  • 91
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,200 helped Maguy to buy new tools such as hairdryers, brushes and hair colorants.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013