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Iman
Iman is a 49-year-old, married woman. She is the mother of two children. Iman is a Palestinian refugee, living in a Palestinian camp like most of the other Palestinians in Lebanon. Iman used to work in agriculture, but she began to feel sick and tired from such work. That is why she turned to a line of work that does not require too much effort. She opened a grocery store in 2007. The income that she earns running the store is necessary, to help her husband in making their living. Her husband works making fishing nets, which is hard work with a very low income that barely covers their needs.

Iman is taking her fifth loan from Kiva's partner, Al Majmoua, in order to increase her business merchandise by adding special summer beverages and ice cream.

Her previous loans helped her a lot in developing her newly-established business, and she proved to be reliable in paying back her loans. She is a borrower in good standing. Iman is working hard, to keep on developing and expanding her business in a greater way, and she is hoping to start wholesale trading in the future.

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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 48
    View loans »
    Lebanon Loans Fundraising
  • $14,752,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Iman to increase her business merchandise, by adding special summer beverages and ice cream.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014