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Rabeaa

Update on Rabeaa

Rabeaa is a 48-year-old Palestinian divorced mother of five children. She has been selling cosmetics and accessories since October 2010. She also works at the UNERWA, but her family's responsibilities forced her to start her own business. Since 2010, Rabeaa has been working hard on expanding her business capital, increasing her customers and making sure that all her children's needs and requests are covered. She is also selling clothes, which is a step forward to expanding and increasing her business capital.

Rabeaa has been an Al Majmoua borrower for eight cycles, with a good repayment history and excellent reputation. Her requested loan will be invested in buying a car that will help her widen her working area from her house to nearby villages and spread her products in a well managed way. The car will be her mobile shop that will contain all of the products she deals with.

She is still working on opening a big clothes, cosmetics and accessories shop where she can provide customers with a wide variety of products while preserving the privacy of her family.

Previous Loan Details

Rabeaa is a 47-year-old Palestinian divorced mother of five children. She has been working in selling cosmetics and accessories since October 2010. She also works at the UNERWA, but her family responsibilities forced her to start her own business. Since 2010, Rabeaa has been working hard on expan... More from Rabeaa's previous loan »

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.

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.

About Lebanon

  • $15,800
    Average annual income
  • 65
    View loans »
    Lebanon Loans Fundraising
  • $15,842,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Rabeaa to buy a car that will help her in developing her business.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 21, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014