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Mariam
Mariam is a 26-year-old single woman who has worked as a hairdresser from her house since 2008. Her business is going on just fine and she covers almost all of her needs and some of her family's too. Most of Mariam's customers are friends, relatives, and neighbors. She intends to expand her business by moving from her home to a separate beauty salon when she becomes financially capable of managing this step forward.

Mariam is requesting a youth loan through the Kiva partner Al Majmoua to buy new furniture for her house salon. She plans to please her customers with this slight decoration and hopes of saving money to expand and move out in the future.

Additional Information

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 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
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Mariam to buy new furniture for her house salon.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014