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Fatima
Fatima is a 52-year-old divorced Palestinian mother of seven children. She sacrificed her whole life, working hard to provide them with a good standard of living. Fatima has been working in the business of preserving foods (Mouneh) for twelve years, and it is her only source of income. Her business is located inside her house, because as a Palestinian refugee, she wasn't financially capable of opening a separate business. At the same time she had to stay next to her children to take good care of them while she is running her business.

Fatima is a hard worker with a very good reputation in the camp where she lives and works. She is acquiring a loan from Kiva partner, Al Majmoua, to increase her business merchandise with raw materials in order to increase her production before the winter season. She will buy Sumac, Thyme, and olives.

This is Fatima's third cycle as an Al Majmoua borrower. Through her previous loans she was capable of increasing her business capital and responding better to her children's needs. She hopes that in the future she will be capable of diversifying her products and expanding her work zone.

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
  • 59
    View loans »
    Lebanon Loans Fundraising
  • $14,627,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Fatima to increase her business merchandise with raw materials in order to increase her production before the winter season.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Nov 3, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014