Update on NouraNoura is a 39-year-old married mother of three children. Since 2007, she has sold clothing, perfumes, accessories, and other products from her house. Noura is a hard worker who has put much effort into improving her business to make sure that she will be capable of supporting her husband and maintaining her family’s living and socioeconomic situation.
Noura is requesting a loan from the Kiva partner Al Majmoua to buy necessary tools, decorating products, clothing, and living room furniture to improve her business. She hopes to release a new autumn and winter collection. Noura used her previous loan to develop her souvenir business and she proved to be a good standing borrower. In the future, she hopes to work hard to expand her business, increase her working capital, and move to a larger location.
Previous Loan DetailsNoura is a 37-year-old married woman living in Tyre with her husband and four children. Noura has been making and selling souvenirs since 2007. She prepares souvenirs for childbirth, marriage, engagements and many more occasions as requested. Noura likes her job a lot and works hard on improving ... More from Noura'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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