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"My name is Houwaida. I've been a borrower with Al Majmoua for 4 years, and each year is an improvement is over the last. I've been in this business for 15 years, and it is going well, thank God. I have six children. Through the success of my business, I've been able to help my oldest son become an architect. I would like to use this loan to strengthen my business. This is the time for me to stock my inventory with winter clothes."

Houweida's successful store is as busy as it is colorful. She used to import these goods cheaply from Syria, but the fighting there has caused her to import from Beirut, instead. Prices are now more expensive than they used to be. This loan allows her to purchase winter clothing inventory for the coming season.

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
  • 49
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Houweida to purchase winter clothes for her inventory.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Oct 10, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014