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Iman
Iman is a 36-year-old single woman who runs her family’s hairdressing salon. She started working in this field at the age of 14 as her parents were not able to support her education. Over the years, she succeeded in expanding her business scope; currently, Iman sells accessories and dresses at her shop besides offering hairdressing services. Women in her area are very content with her work and have become regular visitors.

Iman applied for a loan from Kiva’s partner, Al Majmoua, in order to purchase additional accessories and add wedding gowns to her range of offerings. This is Iman’s 11th cycle with Al Majmoua and she is very satisfied with the borrowing experience. In the future, she wants to focus more on retailing dresses which are in high demand and generate greater revenues.

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
  • 82
    View loans »
    Lebanon Loans Fundraising
  • $16,090,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Iman to purchase additional accessories and add wedding gowns to her range of offerings.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2012
Listed
Jun 26, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2013