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Lucine
Lucine is a 49-year-old widowed mother of two children. She has a convenience store where she has sold sweets, canned food, bread, cereals, drinking water and beverages for five years. She is her family’s sole breadwinner since her husband passed away. So she has to work hard to make sure that she is capable of covering her family’s needs and developing her business at the same time.

Lucine is acquiring a loan from Kiva partner Al Majmoua to pay her children's education fees to make sure that they will have the best education. She is working hard to provide for them. She hopes to stay in good health and capable of supporting both her family and business in such a way that she can secure a better 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.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 102
    View loans »
    Lebanon Loans Fundraising
  • $15,320,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Lucine to pay her children's education fees.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014