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Afaf
Afaf is a 30-year-old married mother of two children. She and her husband work hard to provide them with the best education and living.

She is a hard-worker with a very good reputation in her region, she has seventeen years of experience in this domain. In 2002, she established her current salon, which now needs maintenance. Thus, she is acquiring a Youth loan from Kiva partner Al Majmoua, to buy special living room furniture and chairs for her beauty salon, in addition to doing the necessary decoration that will attract new customers and increase her income.

Afaf is working hard to keep on providing her family and customers with the best living facilities. She hopes that in the future she can expand her business and open a special beauty therapy section which she is sure that will reply to all of her customers' needs and requests.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 73
    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 $1,500 helped Afaf to buy special living room furniture and chairs for her beauty salon, in addition to doing the necessary decoration that will attract new customers.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015