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Samar
Samar is a 25-year-old single woman who has been working as a hairdresser for 9 years. In 2006, Samar opened her own beauty salon and is working hard to improve it, because it is her main source of income for living.

Samar is applying for a YOUTH LOAN, from Kiva partner Al Majmoua, to fix the leakage in her salon and to buy a new hair rinsing sink. These things are necessary to make her work easier.

This is Samar's first loan cycle as an Al Majmoua borrower and she hopes that her future experience with Al Majmoua will be invested in introducing her customers to new beauty products to buy.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 34
    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 Samar to make the necessary repairs to the leakage in her salon and to buy a new sink for hair rinsing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2013