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Roukaya
Roukaya is a 50-year-old married mother of six children. She has worked as a hair dresser, from her house, for the last 18 years. She works to help her husband make their living and cover their family's expenses. Her business is home based, because at the time, she can't afford to open a separate beauty salon outside her house. Also, she benefits from taking care of both her family and business at the same time.

She is acquiring a loan from Kiva's partner, Al Majmoua, to pay for her children's school fees and buy necessary newly released hair dying colors. This loan is very important for the development of her family's socioeconomic situation. She hopes to keep on working for her family and one day open a separate beauty salon, that will surely increase her family's income.

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

  • $15,800
    Average annual income
  • 67
    View loans »
    Lebanon Loans Fundraising
  • $15,853,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Roukaya to pay for her children's school fees and buy necessary newly released hair dying colors.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2013
Listed
Oct 27, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014