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Fatima
Fatima is a 61-year-old, married mother of five children who are all also married. She owns a small business based in her house where she cooks home-made food, and sells dresses that she makes. Her husband is a school bus driver. Their income is very low, which is why it is very important for her to enhance and expand her business. In fact, this is why she contacted Al Majmoua to acquire a loan. She will use the loan and invest in a car because it will help her transport merchandise and products throughout the city.

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
  • 100
    View loans »
    Lebanon Loans Fundraising
  • $15,295,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Expired
A loan of $1,500 helped Fatima to buy a car to transport merchandise and products throughout the city.
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
N/A
Expired:
Jul 31, 2013