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Glades
Glades is a 46-year-old divorced mother of two children, who four years ago opened her own sweets and cakes bakery to provide her children with a good living. She is a hard worker who is making so much effort to make sure that she can cover her children's education needs since she is their sole breadwinner. Glades is well-known among competitors in her region for her special quality goods produced and the customer service she provides, which keeps her away far away from them.

She is acquiring a loan from Kiva partner Al Majmoua to buy a special automatic dough-spreading machine, which is necessary for her business development. She states that her current business passed through many challenges and obstacles, which she handled in a well-managed way. She hopes to keep on developing her business and providing her customers and children with their requested needs and more. She is planning to see her products distributed all over Lebanon as a start.

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.

About Lebanon

  • $5,900
    Average annual income
  • 61
    View loans »
    Lebanon Loans Fundraising
  • $15,000,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Glades to buy a special automatic dough-spreading machine necessary for her business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2013
Listed
Oct 9, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014