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Walaa
Walaa is a 24-year-old married woman who is a mother of one child. She has worked in selling beauty cosmetics and accessories from her house since 2011. Walaa helps her husband with their family's income and puts much effort into developing her business in order to increase her income and provide her family with the necessary standards of living.

Walaa is applying for a youth loan from Kiva's partner Al Majmoua in order to purchase new cosmetics, accessories, and medical earrings. Her business isn't stable in one place; she is mobile among family, friends, relatives, and neighbors, and foreigners.

She is planning to open her own shop in the future to settle down and develop her family's living.

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

  • $15,800
    Average annual income
  • 86
    View loans »
    Lebanon Loans Fundraising
  • $16,096,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Walaa to purchase new cosmetics, accessories, and medical earrings.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2013
Listed
May 24, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014