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Layla
Layla, age 63 and widowed, has been running her convenience store business for the past seven years. Her business allows her to make her living and cover her living expenses. She is a woman with a very good reputation in her area, and she is a borrower in good standing with Kiva partner Al Majmoua.

Layla is requesting her fifth loan. She will use her loan funds to enhance her business merchandise with special-offer products, and to diversify her products in order to satisfy the requirements of her customers, thus increasing her income.

Her previous loans helped her a great deal in expanding her inventory, allowing her to add several new products. She is investing much hope in this current loan, and is hopeful that it will fulfill her customers' needs.

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
  • 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 $2,000 helped Layla to enhance her business merchandise with special-offer products.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2015