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Mona
Mona is a 33-year-old, married woman, and the mother of two children. In 1998 Mona opened a small grocery store, to help her husband in making their living. She's an ideal woman, because she bears the responsibility of raising her children, and at the same time helps her husband through improving and developing her business. She has 17 years of experience in this field. Mona spends most of her time working at her store, in a way to help her husband in doing his own business freely, to increase their family's income.

Mona has been an Al Majmoua borrower for eight loan cycles, with an excellent repayment history. Her previous a loans helped a lot to increase her business capital and improve her family's social and financial situations.

Today Mona is applying for another loan from Kiva's partner, Al Majmoua, to buy a new washing machine, so she can stop washing her family's clothes manually using her hands, and to increase her business capital through buying special offers products. In addition, she will She will also buy a refrigerator and new cooking pots for her house. Mona is very proud of herself, and very happy with what she has accomplished. She hopes to keep on expanding her grocery business as much as she can, to please her customers and family members.

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
  • 34
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Mona to buy a washing machine, refrigerator and cooking pots for her house, and she will use part of the loan to increase her business capital through buying special offers products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013