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Aida is a 62 year-old widowed mother of 6 children, living with four of her children in a village in Mount Lebanon. She works as a sales manager in her own company where she sells tupperware, and has been working in this field for 10 years now. Her children also work and own their own businesses. She decided to contact Al Majmoua and acquire a loan in order to help her son keep up his business. In fact, her son owns a small convenience shop and is in heavy need of financial assistance. It would improve the socioeconomic situation of the family.

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

  • $15,800
    Average annual income
  • 40
    View loans »
    Lebanon Loans Fundraising
  • $15,789,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
A loan of $1,500 helped Aida to help her son keep up his business.
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 30, 2013
Jul 1, 2013
Currency Exchange Loss:
Jul 31, 2013