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Raeifa
Raeifa is a 50-year-old married woman and a mother of four children. She has been working as a tailor and in handmade souvenirs for the past 24 years. She is well known in her region with her good reputation and special talent in her domain. Raeifa applied for a loan from Kiva's partner Al Majmoua in order to buy necessary tailoring goods with new released items, which will help her to be more creative and reply to her customers' needs and requests. She hopes to stay in good health to keep on helping her beloved husband in making their living and securing their old age needs.

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
  • 69
    View loans »
    Lebanon Loans Fundraising
  • $14,952,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Raeifa to buy necessary tailoring goods with new released items.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2013
Listed
May 21, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014