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Ibtissam
Ibtissam is a 47-year-old widowed mother of three children. She has worked hard to meet their needs and provide them with the best of living conditions since her husband passed away. In 2008, Ibtissam started her own food preparation and selling business, to make her family's living, after her husband left her and her precious children alone with no fixed income. Ibtissam's business is home-based. She prepares food and sells it in response to her customers’ needs. Today she is working hard on expanding her business, since her children’s needs are increasing. Because she is a Palestinian refugee, the fields in which she can work are limited, which is why she found this business, which is easy to manage at home, where she can take care of both family and business issues. Ibtissam is applying for a loan from Kiva's partner Al Majmoua to buy a freezer she needs for her business, to preserve the food she prepares in a fresh healthy way until it is sold. She hopes to expand her business, to make sure her family will have a brighter 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.

About Lebanon

  • $5,900
    Average annual income
  • 49
    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 $1,200 helped Ibtissam to buy a freezer she needs for her business, to preserve the food she prepares in a healthy way until it is sold.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2013
Listed
Jul 24, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013