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Saiideh
Saiideh is a 42-year-old single woman who has been working in sewing, bead work and embroidery for eight years. She used to work as a nurse, but she felt that it is better to start her own business to improve her living.

Saiideh is working from home. She is applying for her fifth cycle loan in order to buy and register a new car that will help her a lot in going to the market and buying the necessary threads, beads, needles and many other fabrics to expand her business. With half of the loan, Saiideh is going to buy necessary beads, threads, needles and fabrics to improve her business too. She hopes to complete improving her business as much as she can to improve her living. Her previous loans helped her a lot in expanding her working domain which reflected positively on 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
  • 42
    View loans »
    Lebanon Loans Fundraising
  • $15,822,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Saiideh to buy a new car along with needed supplies that will help her in improving her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 27, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014