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Souma
Souma is a 39-year-old married woman and mother of three children. She opened a grocery store in 2007 to help her husband in making their living and providing their children with the best education.

Souma is a hard worker with a very good reputation. She seeks perfection and makes sure that her customers are pleased and satisfied.

Souma applied for a loan from Kiva partner Al Majmoua, for the first time, in order to increase her business merchandise with special discount products such as fruits, vegetables, and drinks.

Souma is planning to turn her store to a larger supermarket 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

  • $5,900
    Average annual income
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $15,072,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Souma to increase her business merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 8, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013