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Hanan
Hanan is a 32-year-old married woman and is the mother of two children. She has been selling bags since 2010. She used to sell perfumes from her house, but she insisted on improving her living. She changed her type and place of business to a more profitable one, and now she is selling her products at her friend's shop to create a strong base to move forward.

Today, Hanan is applying for a loan from Kiva partner Al Majmoua to increase the variety of products she has for the coming holiday seasons with a special collection of handbags.

This is Hanan's seventh cycle as an Al Majmoua borrower, with a good repayment history. Hanan is planning to expand her business in the future by opening her own shop and improving her living.

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
  • 92
    View loans »
    Lebanon Loans Fundraising
  • $16,118,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Hanan to increase the variety of products she has for the coming holiday seasons.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014