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Souad
Souad is a 58-year-old widow and the mother of three children, whom she is taking care of since her husband passed away. She is a Syrian living in Lebanon since she got married years ago. She has operated a convenience store since 2007, and it is her only source of income. She is well known in her region with her good reputation and the hard work she does in order to please her customers and fulfill her family's needs and desires.

She is applying for her first cycle loan from Kiva's partner, Al Majmoua, in order to increase her business merchandise with special spring and summer offers. She is very certain that this loan will have a very positive impact on her family and business, because it will help her increase both capital and income at the same time.

She hopes to stay in good health to provide her family with a good living and to make sure that she will not need others' help as she becomes old through the coming years.

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

  • $15,800
    Average annual income
  • 93
    View loans »
    Lebanon Loans Fundraising
  • $16,124,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Souad to increase her business merchandise with special spring and summer offers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014