Update on MirvatMirvat is a 35-year-old married mother of one child. She has been working as a beauty therapist for 10 years.
Mirvat is a hard worker, well-known in the region because of her good customer service and talent. She is requesting a loan from Kiva partner Al Majmoua for the seventh cycle, in order to start a new brides' dress renting business.
Through her previous loans, Mirvat was capable of buying new beauty cosmetics necessary for her business, and moving to a wider salon.She is a loyal wife, who works hard to help her husband with their living in order to provide their child with the best life.
She hopes to give her child the best education and good health. To accomplish this, she hopes to open a special wedding dresses shop, in addition to moving to a bigger working place, where she can expect a lot more customers.
Previous Loan DetailsMirvat is a 33-year-old married woman. She has been working as a beauty therapist for 8 years. Mirvat is a hard worker and a loyA. wife, she works hard to help her husband with their living in order to provide their child with the best life. Mirvat is well-known in the region. She is… More from Mirvat'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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