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Joumana
Joumana is a 42-year-old married woman, who opened a convenience store two years ago to improve her living with a better income. She used to work in a clothes selling shop for three years, but she made up her mind and turned to more requested items business to improve her living.
Joumana is very smart, she puts so much effort on improving her business upon customers requests. She applied for a loan from Kiva's partner Al Majmoua, in order to increase her business merchandise with necessary goods such as conservatives, cleaning detergents and sweets.
This is her first time to deal with Al Majmoua, and she is very anxious about this loan because she is sure that her business and income will improve a lot.

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

  • $5,900
    Average annual income
  • 57
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Joumana to increase her business merchandise with necessary goods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Aug 28, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013