Update on HebaHeba is a 30-year-old, single woman who opened a cafeteria 4 years ago to make her living. She sells coffee, tea, and hot chocolate, in addition to special fresh juices, biscuits, nuts, chocolates and chips.
Heba is working hard to improve her business, that's why she introduced her customers to new brands to be sold such as bags and women's needs. She is requesting a youth loan from Al Majmoua to improve her business capital by buying new scarf collections and bags for the winter season. Heba is an expert in this field, since she used to work in a café before she started her own business, and is improving her women's needs section with bags and scarfs. Most of her customers are her neighboring villagers in addition to newly attracted customers, because of the newly added products.
Heba is already an Al Majmoua borrower, and her previous loan helped a lot in improving her business and increasing her income. She is sure that this loan will also have the same positive effect. She hopes to keep on expanding her business more and more to attract new customers, and to open a separate scarfs and bags shop to increase her income.
Previous Loan DetailsHeba is a 29-year-old, single woman who opened a cafeteria three years ago to make her living. She sells coffee, tea, and hot chocolate, in addition to special fresh juices, biscuits, nuts, chocolates, and chips. Heba is working hard to improve her business. She is requesting a loan from Al Ma... More from Heba's previous loan »
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 DevelopmentThe 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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