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Abir

Update on Abir

Abir is a 27-year-old married woman and the mother of three children. She works selling Brazilian gold, accessories and perfumes to help her husband in covering their family's expenses. Her husband is an electrician who works upon request with no fixed daily income.

She is well known in her region and highly supported by her customers.

Abir applied for a YOUTH LOAN from Kiva's partner Al Majmoua, in order to increase her business capital to purchase a newly released jewelry collection. The sales will improve and develop her business a lot, which will reflect positively on both her social and financial situation.

Her work at home helps her a lot in taking good care of her children and family as a whole, and at the same time, she is improving their standard of living.

Abir has future plans to open her special shop selling jewelry and perfume as soon as her children are grown up enough, and as soon as she saves the requested amount for this step forward.

Previous Loan Details

Abir is a 26-year-old married woman, the mother of three children. A year ago, Abir started selling Brazilian gold and accessories to help her husband in covering their family's expenses as much as they can. She works hard to provide the best living ever to her children, so that they don't feel… More from Abir's previous loan »

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.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Abir to increase her business capital to purchase a newly released jewelry collection.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014