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Bassima
Bassima is a 56-year-old, married mother of five children. She has been working in a beauty salon since 1997. She is a hard worker, who puts much effort into helping her husband to earn their living and cover their family’s increasing needs.

She is acquiring a loan from Kiva's partner, Al Majmoua. She will use the loan to buy a new massage machine. The machine will help her develop her business and reply to her customers’ needs. She will also invest part of the loan to make urgent maintenance at her house, before the winter season.

She hopes that in the future, she’ll expand her business to a wider beauty salon. The expansion she hopes for would enable her to provide her customers with extra beauty services and facial treatments, to please them as much as she can.

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
  • $14,614,075
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Bassima to buy a new massage machine and to perform urgent maintenance on her home.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015