Update on TahiyaTahiya is a 52-year-old married mother of three children. She has been working in selling clothes for fourteen years. Her business is going well but needs external support to expand and develop. Tahiya is applying for a loan from Kiva partner Al Majmoua to increase her business merchandise with a specialty collection. Her loan will allow her to meet most of her customers' requests.
This is Tahiya's third loan cycle as an Al Majmoua borrower with a good payback history. Her previous loan was invested in increasing her summer collection, and it had an excellent impact on both her social and financial situations.
Tahiya hopes that in the future she can make necessary decorations at her shop to impress her customers and attract new ones.
Previous Loan DetailsTahiya is a 51-year-old married woman and mother of three children. She has worked for 13 years selling clothes and lingerie. Tahiya enjoys helping her husband in making their living and providing their children a better living. She got a lot of support from her husband when she started her bus... More from Tahiya's previous loan »
About Al Majmoua – Lebanese Association for DevelopmentThe 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid