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Nabiha

Update on Nabiha

Nabiha is a 34-year-old, married woman and a mother of four children. She opened a shoe store in 2004 and, since then, she has been supporting her husband in their household expenses. With consecutive loans from Kiva’s partner, Al Majmoua Lebanese Association for Development, Nabiha succeeded in enhancing the quality of her products and increasing the visibility of her store.

Today, Nabiha is applying for a fifth loan; she will use the money to buy more shoes and diversify her offerings to include toys. This will allow her to generate more revenues and further secure her business continuity.

Previous Loan Details

Nabiha is a 33-year-old married woman and a mother of three gorgeous children for whom she works hard to provide a good and healthy life. Nabiha is a woman with a good reputation. She works hard to help her husband provide for their family. Nabiha opened a shoe shop in 2004. Since that time,… More from Nabiha's previous loan »

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.

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.

About Lebanon

  • $5,900
    Average annual income
  • 35
    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 Nabiha to buy more shoes and diversify her offerings to include toys.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014