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Claude
Claude is a 54-year-old divorced mother of five children, who has been working selling clothes for four years, to provide her children with basic necessities.Two months ago, Claude changed her business and started selling household products, such as plates, knives and cups, in addition to women's accessories. She stopped selling clothes because it wasn't profitable at all in her region and competition increased.

At the moment, she is developing her newly established business to meet her customers needs. Claude has applied for a loan which will be invested in increasing her business merchandise with new items.She works hard to provide her children with necessary items to meet their needs, and to be their mother and father at the same time. In fact, she is succeeding and will keep on struggling to perfectly meet their needs.

She hopes to develop her business and dreams of opening a special gallery, where she will sell furniture made from cane.

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
  • 37
    View loans »
    Lebanon Loans Fundraising
  • $14,792,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Claude to increase her business merchandise with new items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014