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Khadija

Update on Khadija

Khadija is a 47-year-old married woman and the mother of three children. She is the owner of a clothing shop where she sells women's and children's clothes. She is well known in her region, for her good reputation and the special customer service that she provides. Most of her clients are relatives, friends and neighbors. She's a hard worker and seeks perfection to provide her family with the necessary living needs.

Khadija is requesting a loan from Al Majmoua for the forth time, in order to increase her summer collection. This will reflect positively on her business development, especially that this summer the designs are very attractive to her customers, as she claims. Her previous loans were invested in improving her business and they had a big positive effect on improving her income. She is still planning to buy her own shop and move to a better region in the future.

Previous Loan Details

Khadija is a 46-year-old married woman and the mother of three children. She is the owner of a clothing shop where she sells women's and children's clothes. She is well known in her region. Most of her clients are relatives, friends and neighbors. She's a hard worker and seeks perfection for her ... More from Khadija's previous loan »

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.

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.

About Lebanon

  • $15,800
    Average annual income
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Khadija to increase her summer clothing collection.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013