Update on MouniraMounira is a 31-year-old single woman who has been working hard for 10 years in mixing and creating special perfume blends. Her business is widely known in her region and highly requested. At the same time, she is investing a good part of her time in creating new odors that attract the attention of new customers.
Mounira also sells hookah pipes, which are in demand these days and generate good income.
This is Mounira's third cycle as an Al Majmoua borrower. Her previous loan helped her a great deal to increase her selection of perfumes with new collections and bottles.
Her current loan will be invested in supporting her hookah business with newly-released products that will attract new customers.
Previous Loan DetailsMounira is a 29-year-old single woman who is working hard to prove herself to her friends and relatives. She is an industrious woman who improves her business as much as she can by adding new products attractive to new customers. Her nine years of experience in the field of mixing and creatin... More from Mounira's previous loan »
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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Success!! The loan was 100% repaid