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Almaza
Almaza is a 52-year-old widow and mother of three children. She has been baking traditional Lebanese Saj bread and Manakish for the past nineteen years in order to provide her orphans a good and healthy living. Almaza is a hard worker who has sacrificed her whole life for the sake of raising her children and supporting them.

Almaza is applying for a loan from Kiva's partner Al Majmoua in order to start a new business. She will open a mobile shop and she will make sure to stock prepaid cards because they are highly requested in the market.

This is her second cycle as an Al Majmoua borrower. She invested her previous loan in increasing her present business capital, and it had a positive impact. She hopes that this new loan will help fulfill her family's needs and satisfy their desires.

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

  • $5,900
    Average annual income
  • 84
    View loans »
    Lebanon Loans Fundraising
  • $15,648,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Almaza to start a new mobile phone shop business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014