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Hiba
Hiba is a 28-year-old married mother of two. She has been working in selling perfumes and accessories for a year and a half to help her husband. He works as a warehouse secretary and has a very low income that is not enough to cover their normal living expenses and their children's needs. The children don't attend school yet.

So Hiba is working hard to develop her business so it is capable of covering future school needs and expenses. She is acquiring a YOUTH loan from Kiva's partner Al Majmoua in order to increase her business capital with summer perfumes and a new accessories collection. This increase in her business capital will help her widen her working zone and attract new customers, which will increase her income.

She hopes that one day she will be capable of opening her own accessories and perfume selling shop.

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
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $15,795,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Hiba to increase her business capital with summer perfumes and an accessories collection.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 17, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014